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3. (25 points) A. Howell Petrolewn is considering a new project that complements its ex The machine required for the project costs $3.8 million. The

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3. (25 points) A. Howell Petrolewn is considering a new project that complements its ex The machine required for the project costs $3.8 million. The marketing predicts that sales related to the project will be $2.5 million per year fo years, after which the market will cease to exist. The machine will be d to zero over its four-year economic life using the straight-line method. and operating expenses related to the project are predicted to on 25 pc 15 percent of sales, respectively. Ilowell also needs to add net working $150,000 immediately. 'The additional net working capital will be reco T

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