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Calculating Project NPV Down Under Boomerang, Inc., is considering a new three - year expansion project that requires an initial fixed asset investment of $

Calculating Project NPV Down Under Boomerang, Inc., is considering a new three-year expansion
project that requires an initial fixed asset investment of $4,200,000. The fixed asset will be depreciated
straight-line to zero over its three-year tax life, after which time it will be worthless. The project is
estimated to generate $3,450,000 in annual sales, with costs of $1,612,500. The tax rate is 35 percent
and the required return is 10 percent. What is the project's NPV?(calculate as suitable as possible as handwriting please!)

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