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A project costs $1000 today and is expected to return 15% before corporate income taxes. The appropriate after-tax cost of capital is 9%, and the

A project costs $1000 today and is expected to return 15% before corporate income taxes. The appropriate after-tax cost of capital is 9%, and the firm pays taxes at the marginal rate of 40%. What is the estimated project's NPV? 54 90 60

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