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B Arial 12 -AA % Paste BIU- Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard Font * Styles D25 X

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B Arial 12 -AA % Paste BIU- Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard Font * Styles D25 X fx A B C D E F G H I 5 6 Asset investment $ 7 Estimated annual sales 8 Costs $ $ 555 2,900,000 2,190,000 815,000 9 Tax rate 10 Project and asset life 11 Required return 21% 3 12% 12 13 14 Complete the following analysis. Do not hard code values in your calculations. 15 16 Sales $ 2,190,000 17 Costs 815,000 18 Depreciation 966,667 19 EBT $ 408,333 20 Taxes 85,750 21 Net income $ 322,583 22 23 OCF $ 1,289,250 24 25 NPV 26 27 READY Attempt(s) 1/3 Sheet1 + + 100%

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