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b. Projected sales for a new PODS container follows: Year Unit sales $1,750,000 2 2.100,000 3 2.450,000 The project will require $250,000 in net working

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b. Projected sales for a new PODS container follows: Year Unit sales $1,750,000 2 2.100,000 3 2.450,000 The project will require $250,000 in net working capital to start. Variable costs are 65% of sales, and total fixed costs are $275,000 per year. The cost of equipment is $1,000,000. The equipment qualifies for a CCA rate of 20 percent. The salvage value at the end of 3 years is $450,000. The relevant tax rate is 30 percent, and the required return is 15 percent. What is the NPV of the project? Note: If you cannot calculate the Tax Shield complete the question without the tax shield

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