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A project requires the purchase of machinery for ( $ 40,000 ). The machinery belongs in a 20 CCA class and will have a salvage

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A project requires the purchase of machinery for \\( \\$ 40,000 \\). The machinery belongs in a \20 CCA class and will have a salvage value of \\( \\$ 4,000 \\) at the end of the 4 year project. It will require a net working capital investment of \\( \\$ 2,000 \\) up-front, and the net working capital is recovered at the end of the project. The firm has a tax rate of \35 and a required return of \10. The project generates annual before-tax sales less cash costs equal to \\( \\$ 15,000 \\) in each of years 1 to 4 . What is the project's NPV? Mutiole Choice 52,942 \\( \\$ 2,24 \\) sas! 5469 58272

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