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Bruce Wayne plans to build a new factory in Gotham City. The factory requires $100 million initial investment now at Year 0, and the total

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Bruce Wayne plans to build a new factory in Gotham City. The factory requires $100 million initial investment now at Year 0, and the total investment is to be depreciated over the next 5 years using a straight-line method. Bruce expects to get a net profit of $20 million per year (before-tax) from year 1 to year 5, and the marginal corporate income tax rate is 30% The factory requires $10 million net working capital from year to year 5, so the networking capital is to increase by $10 million now and decrease by $10 million in year 5. The required rate of return is 8% per year (EAR). The salvage value of the plant is $0 after five years. Please complete the working table below, and use the financial cash flows to find the project's NPV and IRR. Should Bruce make the investment? A. BI U A- S Xxx I EE = = Working Table Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 EBIT Tax Depreciation Change in Net Working Capital (NWC) Investment Financial Cash Flow Use the financial cash flows to find the project's NPV and IRR. Should Bruce make the investment

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