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In your first job with TBL Inc. your task is to consider a new project. Capital equipment costing $32,000 today has $0 remaining book value

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In your first job with TBL Inc. your task is to consider a new project. Capital equipment costing $32,000 today has $0 remaining book value at the end of five years. The straight-line depreciation method is used. Assume that the asset can sell for S25.000 at the end of the project (which is year 2). Also assume that there Is no change in working capital. Using the following information for both year 1 & 2, Sales revenues $22, 250 Fixed costs (excluding depreciation) $2,000 Variable costs $10,000 Tax rate 35.0% what is the project's net cash flows in year 1 & year 2

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