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9 The Juniper Network Company is considering a new 5-year expansion project that requires an initial fixed investment of $2.5 million. The fixed asset will

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The Juniper Network Company is considering a new 5-year expansion project that requires an initial fixed investment of $2.5 million. The fixed asset will be depreciated straight line to zero over its five year tax life, after which time it will be worthless. The applicable tax rate is 22%. Estimated annual sales for the project are $22 milion with annual costs of $1.15mm. The project will also require an initial investment in NWC of $140,000. The net cash flow for year 0 is estimated to be 5 The net cash flow in year 3 is estimated to be 5 The net cash flow in year 5 is estimated to bes

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