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Bruno's Lunch Counter is expanding and expects operating cash flows of $ 2 0 , 5 0 0 a year for 5 years as a

Bruno's Lunch Counter is expanding and expects operating cash flows of $20,500 a year for 5 years as a result. This expansion requires $54,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $4,800 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 13 percent?
$15,908
$18,103
$22,180
$21,013
$19,612

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