Question
ASSUME a 4-year project's after-tax operating cash flow during years 1-4 = $89616 and there is an after-tax salvage value = $18326 in year 4.
ASSUME a 4-year project's after-tax operating cash flow during years 1-4 = $89616 and there is an after-tax salvage value = $18326 in year 4. The project also had an initial net working capital (NWC) investment of $11271. Under conventional assumptions, what is the TOTAL cash flow expected from this project in the terminal year (year 4)?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
