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A project costs $21,000, will be depreciated straight-line to zero over its 3 year life, and will require a net working capital investment of $5,000

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A project costs $21,000, will be depreciated straight-line to zero over its 3 year life, and will require a net working capital investment of $5,000 up- front. The project generates operating income $13,000. The asset will be sold for $2,000 at the end of the project. If the firm has a tax rate of 34% and a required return of 10%

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