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A company needs an increase in working capital of $18,000 in a project that will last 8 years. The company's tax rate is 30% and
A company needs an increase in working capital of $18,000 in a project that will last 8 years. The company's tax rate is 30% and its discount rate is 7%. |
| Click here to view Exhibit 13B-1 to determine the appropriate discount factor(s) using table. |
| The present value of the release of the working capital at the end of the project is closest to: |
| $7,524 | |
| $5,400 | |
| $10,476 | |
| $12,600
|
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
