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A profitable firm has an average tax rate of 15.4% and requires a 12% return on its projects. All else being the same, what is
A profitable firm has an average tax rate of 15.4% and requires a 12% return on its projects. All else being the same, what is the change in NPV on a 1-year project if fixed costs that occur at year-end increase from $1076 to $16782 a. $-455 b. $ -620 X C. $ -542 d.$-345 e. $ -1109
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