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A profitable firm has an average tax rate of 16.1% and requires a 11.6% return on its projects. All else being the same, what is
A profitable firm has an average tax rate of 16.1% and requires a 11.6% 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 $1062 to $1653?
a.$ -1105
b.$ -444
c.$ -530
d.$ -337
e.$ -615
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