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A new project will cost $124 million and will have an expected life of 15 years. The project will be depreciated straight-line over a 9-year
A new project will cost $124 million and will have an expected life of 15 years. The project will be depreciated straight-line over a 9-year term. EBDT for the project is expected to be $16 million per year. The firm's tax rate is 25%. Show the expected cash flows per year for the project. Show work
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