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5 points ve Anwwer Redmond Incorporated with a tax rate of 26% and a weighted average cost of capital of 8.2%, is looking at a

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5 points ve Anwwer Redmond Incorporated with a tax rate of 26% and a weighted average cost of capital of 8.2%, is looking at a project that requires an outlay of $150,000 for equipment at t = 0, that is to be depreciated straight-line over a three-year period, and not expected to have salvage value after three years. It also requires an expenditure for $30.000 working capital which can be recovered in year three. There is an expectation that the project will bring in an additional $140,000 revenue with additional operating costs, not including depreciation) of $60,000 every year for the next three years. What is the not present value of this project to the nearest dollar

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