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ASAPPPPP!!! A firm is considering a new seven-year expansion project with an initial fwed asset investment of $4.8 miltion. The fixed asset will be depreciated
ASAPPPPP!!! A firm is considering a new seven-year expansion project with an initial fwed asset investment of $4.8 miltion. The fixed asset will be depreciated straight-line to refo over its seven-year tox 14 e, atter which time it will be worthlese. No bonus depreciation will be taken. The project is estimated to generate $2.165,000 in annual sales, with costs of $629.000. The tax rate is 26 percent and the required return is 6.8 percent What is the net present value of this proinct? Instruction Enter your response rounded to two decimal places
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