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10 Winston Hardware is analyzing a proposed project that requires an initial investment of $39,000 for fixed assets and $9,000 for net working capital. The

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10 Winston Hardware is analyzing a proposed project that requires an initial investment of $39,000 for fixed assets and $9,000 for net working capital. The project is expected to produce operating cash flows of $10,500 a year for 4 years. The net working capital can be recouped at the end of the project. The fixed assets have an estimated aftertax salvage value of $16,000. Should this project be accepted if the required rate of return is 13 percent? Why or why not? Ints eBook Multiple Choice Print no; because the NPV is -$2,007.96 References yes; because the NPV is -$2,007.96 no; because the NPV is -$1,435.08 yes; because the NPV is -$1,435.08

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