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e34 The Lunch Counter is expanding and expects operating cash flows of $32,500 a year for three years as a result. This expansion requires $28,000
e34
The Lunch Counter is expanding and expects operating cash flows of $32,500 a year for three years as a result. This expansion requires $28,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $2,800 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 14%? Multiple Choice O $44,653.04 O $47,453.04 O $48435,50 Multiple Choice . $44,653.04 $47,453.04 ) $48,435.50 $46,542.96 $69,500.00 Step by Step Solution
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