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A company decides to value the following project it is interested in: Period Depreciation EBIT Net Income 0 1 127 200 100 2 62 66.67

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A company decides to value the following project it is interested in: Period Depreciation EBIT Net Income 0 1 127 200 100 2 62 66.67 66.67 66.67 66.67 3 91 150 210 4 129 The project requires an investment in PPE of 400 at time zero, which is depreciated using a straight-line depreciation schedule over a time period of six years with no salvage value, and sold at the end of the project's lifetime (at the end of year four) for 155 (if there is any profit or loss in the transaction - difference between market and book value of PPE- there is a tax rate of 35%). The project does not require any investment in working capital. The tax rate is 35%. What is the NPV of the project if the WACC is 15%? $81.24 $169.86 O $178.97 $229.47

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