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calculate the NPV for the followingcapitalbudgeting proposal: $100000, initial cost for equipment, straight line depreciation over 5 years to a zero book value, $5000 pre-tax

calculate the NPV for the followingcapitalbudgeting proposal: $100000, initial cost for equipment, straight line depreciation over 5 years to a zero book value, $5000 pre-tax salvage value of equipment, 35% tax rate, $45000 additional annual revenues, $15000 additional annual cash, $8000 initial investment in working capital to be recouped at project end, and a cost of capital of 11%. Should the project be accepted or rejected?

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