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28 29 30 Moving to another question will save this response. >> Save Answer estion 20 10 points Gibson Guitars is considering expanding one of
28 29 30 Moving to another question will save this response. >> Save Answer estion 20 10 points Gibson Guitars is considering expanding one of its production facilities to build a new line of guitars honoring legendary guitarist Les Paul. The project would require a $6,000,000 capital investment and will be depreciated (straight-line to zero) over its 3 year life. Sales are expected to be 58,000,000 annually for the 3 year period with costs (excluding depreciation) at 30% of sales. The company would also have to commit initial working capital to the project of $1,000,000. The company has a 35% tax rate. The project cash flow (Free Cash Flow) for Year 3 is: O a. 55.340.000 1.53.800,000 C. 54.792.000 O d. 56,056.000 Moving to another question will save this response Question 20 of 30 8:35 PM 7/2/2020
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