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3. BMT has developed a new product. It can go into production for an initial investment of $3,000,000. The equipment will be depreciated using straight-line

3. BMT has developed a new product. It can go into production for an initial investment of $3,000,000. The equipment will be depreciated using straight-line depreciation over 5 years to a value of zero. The firm believes that net working capital at each date will equal 20 percent of next year

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