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(c) A project's return before tax is 16% with an initial investment of 100. The cost of capital after tax is 11% and the tax
(c) A project's return before tax is 16% with an initial investment of 100. The cost of capital after tax is 11% and the tax rate is 20%. Is the project's NPV negative?
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Intermediate Accounting
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
11th edition
978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139
