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Clemson Construction is considering expanding its operations. The expansion will require new equipment costing ( 570 e, 000 ) that would be: degreciated an a

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Clemson Construction is considering expanding its operations. The expansion will require new equipment costing \\( 570 e, 000 \\) that would be: degreciated an a straight-fine bask to a zero balance over the fouryear life of the project. The equipinent can be sold for \\( \\$ 220,000 \\) after the four vears. The project will increase accounts recelvable by 46,000 , increase accounts payable by \\( \\$ 10,000 \\), and increane notes payable by. \\( \\$ 2,000 \\). The projected operating cash now is \\( \\$ 211,500 \\) a year. Net working capital required for the project will be recouped at the end of the project. What is the NPV of this project if the relevant discount rate is 13 percent and the tax rate is 21 percent

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