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21 O . A firm is considering a project with the following information: Project will require purchase of a machine for $111,651.00 that is MACRS

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21 O . A firm is considering a project with the following information: Project will require purchase of a machine for $111,651.00 that is MACRS depreciable over a five-year schedule. (no depreciation until end of year 1) Project will require immediate non-depreciable expenses of $26.147.00 TODAY (Year O). Project will have the following projected balance sheet values of NWC . YEAR 2 0 1 NWC Level $4,000 9.00% of sales 9.00% of sales Sales for the project will be $49,442.00 per year with all other expenses (excluding depreciation) at 47.00% of sales . The tax rate for the firm is 36.00%, while the cost of capital is 10.00% *assume project goes beyond two years What is the project cash flow for year 0? Submit Answer format: Currency. Round fo 2 decimal places

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