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Help Save & Exit Subm. 26 Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $697000 that would be

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Help Save & Exit Subm. 26 Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $697000 that would be depreciated on a straight-line basis to zero over the 5-year life of the project. The equipment will have a market value of $192,000 at the end of the project. The project requires $62.000 initially for networking capital, which will be recovered at the end of the project. The operating cash flow will be $187600 a year. What is the net present value of this project if the relevant discount rate is 14 percent and the tax rate is 35 percent? Multiple Choice $21257 ooo

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