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Basey Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 510,000 Working capital $ 30,000 Annual cash
Basey Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 510,000 Working capital $ 30,000 Annual cash flow $ 173,000 per year Salvage value at the end of the project $ 12,000 Expected life of the project $ 4 years Discount rate 15% Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. The working capital would be released for use elsewhere at the end of the project. The net present value of the project is closest to
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