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(CB CFS) You are analyzing the purchase of new equipment. Since you are not an expert on this type of equipment, you hire a consulting

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(CB CFS) You are analyzing the purchase of new equipment. Since you are not an expert on this type of equipment, you hire a consulting firm to make recommendations. The consultant charged you $3239 and recommended the purchase of the latest model from ACME Corp. of America. The equipment costs $80799, and it will cost another $9831 to modify it for special use by your firm. The equipment will be depreciated on a straight line basis over 9 years with no salvage value. You expect the equipment will be sold after 4 years for $25985. Use of the equipment will require an increase in your company's net working capital of $4504, but this $4504 will be recovered at the end of year 4 . The use of the equipment will have no effect on revenues, but it is expected to sive the firm $49061 per year in before-tax operating costs. Your company's marginal tax rate is 26%. What is the initial outlay required to fund this project, to the nearest dollar

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