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End of 2 0 1 7 End of 2 0 1 8 End of 2 0 1 9 $ 3 , 5 0 0 $

End of 2017End of 2018End of 2019$3,500$2,500Nil$3,400$3,400$3,400It is estimated that each of the alternative projects will require an additional working capital of $2,000, which will be received back in full after the end of each project.Depreciation is provided using the straight-line method. The present value of $1.00 to be received at the end of each year (at 19% p.a.) is shown below:

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