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Bards Corp is purchasing a new sewing machine to replace an older sewing machine. The New Machine costs $30,000. The Old Machine has a book
Bards Corp is purchasing a new sewing machine to replace an older sewing machine. The New Machine costs $30,000. The Old Machine has a book value of $10,000 and can be sold for $8000. There will also be increase in inventory $5000 due to more sales. Given the above information find the Initial CF of the project (i.e., Investment in Year 0). Assume a TAX RATE = .40
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