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If Yonex Manufacturing purchases $674,000 of new equipment, they can dramatically increase production. It's estimated this purchase will improve sales by $450,000, with no increase

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If Yonex Manufacturing purchases $674,000 of new equipment, they can dramatically increase production. It's estimated this purchase will improve sales by $450,000, with no increase in costs. The equipment will be depreciated straight-line to a zero book value over its 3-year life. Ignore bonus depreciation. At the end of the project, the equipment will be sold for an estimated $55,000. The company must hold an extra $245,000 of inventory during the project. What is the NPV if the discount rate is 19 percent and the tax rate is 21 percent? OCF=$CFO=$ CFFinal =$ NPV=$

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