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Bruno's Lunch Counter is expanding and expects operating cash flows of $ 3 2 , 4 0 0 a year for 6 years as a

Bruno's Lunch Counter is expanding and expects operating cash flows of $32,400 a year for 6 years as a result. This expansion requires $72,600 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires an increase of $5,400 of net working capital which will be recovered at the end of the project. What is the net present value of this expansion project at a required rate of return of 14 percent?
a. $50,543
b. $43,627
c. $45,533
d. $47.993
e. $53,393
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