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Frisbee's Inc. is considering a 4 year expansion project that requires $100,000 of equipment. The equipment will be depreciated over the 4 years, without any

Frisbee's Inc. is considering a 4 year expansion project that requires $100,000 of equipment. The equipment will be depreciated over the 4 years, without any remaining residual value. The project is expected to generate $90,000 per year with 60% variable costs and no fixed costs. If the tax rate is 20% and the required return on the project is 10%, what is the projects NPV?

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