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3. Using assumptions made by Executive VP of Manufacniring, Robert Gates, estimate the project's cash ows. Are Gates' projections realistic? If not, what changes might

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3. Using assumptions made by Executive VP of Manufacniring, Robert Gates, estimate the project's cash ows. Are Gates' projections realistic? If not, what changes might you incorporate? Do a sensitivity analysis with the assumption that both prices and expenses grow at a rate of 3% [i.e., recalculate cash ows and NPV with this assumption}. 4. Using CPD Sheila Dowh'ng's projected WAGE schedule, what discount rate would you choose? Explain. 5. Estimate the project's NP'U'. Would you recommend that Tucker Hansson proceed with the inyestment? Explain

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