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Bruno's Lunch Counter is expanding and expects operating cash flows of $30,900 a year for 6 years as a result. This expansion require new fixed

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Bruno's Lunch Counter is expanding and expects operating cash flows of $30,900 a year for 6 years as a result. This expansion require new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $7,600 of net working capital life of the project. What is the net present value of this expansion project at a required rate of return of 13 percent? Multiple Choice $20.075 o $24.024 $27.895 526026 O O $29,435 Bruno's Lunch Counter is expanding and expects operating cash flows of $30,900 a year for 6 years as a result. This expansion requlres $99,500 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $7,600 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 13 percent? Multiple Choice $20,075 $24024 $27.885 o $26.020 524435

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