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As the CFO of Forever New, you have gathered the financial estimates shown in the table below and you are required to assess the potential

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As the CFO of Forever New, you have gathered the financial estimates shown in the table below and you are required to assess the potential value created from the new store project. Forever New New Store Project (Amounts given in Sthousands) Fiscal year 2022 2024 2025 2020 2021 2023 500.00 150.00 350.00 512.00 154.00 358.00 224.108 60.00 522.00 167.00 355.00 222.23 80.00 554.00 177.00 377.00 236.002 Incremental Revenue Incremental Cost Incremental Profit Incremental Profit X (1 - Tax Rate) Capital Expenditure Change in NWC Depreciation Tax Shield (Tax Ratex Depreciation) Recovery of Net Working Capital (cash inflow) 543.00 165.00 378.00 236.628 219.1 1,100.00 25.00 64.20 35.00 72.60 64.20 67.80 72.60 41.00 If the marginal tax rate is 37.4%, what is the NPV in Year 2020 of the new store project assuming a cost of capital of 10.6%? (Give answer to 2 decimal places)

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