20 15 10 10. The cumulative, nondiscounted, before-tax cash position of a project is shown at right and should be used for problems 10-19. Assume straight line depreciation, a 10-year depreciation schedule, and no salvage value. The working capital ($ M) is most nearly what value? 5 0 Cumulative Cash Position, $ million 2 3 4 5 6 7 8 9 10 11 12 -5 Year -10 (A) 0.12 -15 (B) 2.3 (C) 3.0 (D) 3.7 11. The fixed capital investment, excluding land, is most nearly what value (in $ M)? (A) 3 (B) 10 (C) 15 (D) 20 12. The cumulative before-tax cash position at the end of the project ($M) is most nearly (A) 3 (B) 10 (C) 15 (D) 20 13. The before-tax cash flow in years 2-11 (SM/yr) is most nearly (A) 3 (B) 10 (C) 15 (D) 20 14. The before-tax non-discounted rate of return (%) is most nearly (A) 3 (B) 10 (C) 15 (D) 20 15. The before-tax discounted rate of return (%) is most nearly (A) 3 (B) 10 (C) 15 (D) 20 20 15 10 10. The cumulative, nondiscounted, before-tax cash position of a project is shown at right and should be used for problems 10-19. Assume straight line depreciation, a 10-year depreciation schedule, and no salvage value. The working capital ($ M) is most nearly what value? 5 0 Cumulative Cash Position, $ million 2 3 4 5 6 7 8 9 10 11 12 -5 Year -10 (A) 0.12 -15 (B) 2.3 (C) 3.0 (D) 3.7 11. The fixed capital investment, excluding land, is most nearly what value (in $ M)? (A) 3 (B) 10 (C) 15 (D) 20 12. The cumulative before-tax cash position at the end of the project ($M) is most nearly (A) 3 (B) 10 (C) 15 (D) 20 13. The before-tax cash flow in years 2-11 (SM/yr) is most nearly (A) 3 (B) 10 (C) 15 (D) 20 14. The before-tax non-discounted rate of return (%) is most nearly (A) 3 (B) 10 (C) 15 (D) 20 15. The before-tax discounted rate of return (%) is most nearly (A) 3 (B) 10 (C) 15 (D) 20