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Esfandairi Enterprises is considering a new three - year expansion project that requires an initial fixed asset investment of $ 2 . 1 8 million.
Esfandairi Enterprises is considering a new threeyear expansion project that requires an initial fixed asset investment of $ million. The fixed asset will be depreciated straightline to zero over its threeyear tax life, after which time it will be worthless. The project is estimated to generate $ million in annual sales, with costs of $ The tax rate is percent. If the required return is percent, what is the project's NPV
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