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6. You need to make an investment of $1 million. The project would last for 5 years and you use straight-line depreciation with no salvage

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6. You need to make an investment of $1 million. The project would last for 5 years and you use straight-line depreciation with no salvage value at the end. The appropriate discount rate is 12%. And you need to invest in net working capital of $100,000. You expect the annual sales would be 45,000 in units and the selling price per unit is $125, variable cost per unit is $75. You have annual fixed costs of $1,050,000. Assume the tax rate is 30%, What is the NPV of this project

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