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A company needs an increase in working capital of $19,000 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 $19,000 in a project that will last 8 years. The company's tax rate is 30% and its after-tax 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: (Round your final answer to the nearest whole number.) $7,942 $12,540 $11,058 $5,700
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