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A project under consideration by the White Corp. would require a working capital investment of $200,000. The working capital would be liquidated at the end
A project under consideration by the White Corp. would require a working capital investment of $200,000. The working capital would be liquidated at the end of the project's 10-year life. If White Corp. has an after-tax cost of capital of 10 percent and a marginal tax rate of 30 percent, what is the present value of the working capital cash flow expected to be received in year 10?
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