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help me Exercise 1 Goku is considering a new project. The project will require $600,000 for new fixed assets, $240,000 for additional inventory. The project

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Exercise 1 Goku is considering a new project. The project will require $600,000 for new fixed assets, $240,000 for additional inventory. The project has a 5-year life. The fixed assets will be depreciated straight-line to a zero book value over the life of the project. At the end of the project, the fixed assets can be sold for 20 percent of their original cost. The net working capital returns to its original level at the end of the project. The project is expected to generate annual sales of $980,000 with costs of $600,000. The tax rate is 25 percent and the required rate of return is 10 percent. Calculate NPV, IRR and Payback period for the project. Based on NPV criteria, should the firm accept the project, and why

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