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Assume that the project's profitability will be similar to IBM's existing projects in 2014 and estimate (revenues-costs) each year by using the 2014 EBITDA/Sales profit

Assume that the project's profitability will be similar to IBM's existing projects in 2014 and estimate (revenues-costs) each year by using the 2014 EBITDA/Sales profit margin. Calculate EBITDA as evense from the cash flow statement

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