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Given the following information: Initial investment in fixed assets = $20.000: initial investment in net working capital = $5,000;life - 4 years: cost savings =

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Given the following information: Initial investment in fixed assets = $20.000: initial investment in net working capital = $5,000;life - 4 years: cost savings = $10,000 per year, salvage value - $4,000:Straight-line depreciation to zero; tax rate - 21% discount rate = 15%. What is the NPV of this project? A) $7215 B) $1,444 C) $5218 D) $4,111 E) $6,501

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