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Assume that a company is considering a capital investment project with a four-year time hortzon and the following cash flows: cost of new equipment Working

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Assume that a company is considering a capital investment project with a four-year time hortzon and the following cash flows: cost of new equipment Working capital required Annual net cash inflows Maintenance and repairs in third year Salvage value of equipment in fourth year $21 , $ 50,000 $100,000 $ 4, $ 40,000 $ 35, eee Click here to view Exhibit 148-1 and Exhibit 14B-2 to determine the appropriate discount factor(s) using the tables provided. The working capital will be released at the end of the project and the company's required rate of return is 13%. The net present value of the project is closest to Multiple Choice $67e5. $71.685 587.685 505740

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