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Bruno's Lunch Counter is expanding and expects operating cash flows of $20,800 a year for 5 years as a result. This expansion requires $570001n new

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Bruno's Lunch Counter is expanding and expects operating cash flows of $20,800 a year for 5 years as a result. This expansion requires $570001n new fixed assets. These assets will be worthless at the end Of the project. In addition, the project requires $5,000 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? Multiple Choice $16,724 $12,005

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