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Bruno's Lunch Counter is expanding and expects operating cash flows of $32,500 a year for 3 years as a result. This expansion requires $28,000 in
Bruno's Lunch Counter is expanding and expects operating cash flows of $32,500 a year for 3 years as a result. This expansion requires $28,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $2,800 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 14 percent? please show all work
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