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Initial investment EBIT - Taxes -A Depreciation + Salvage value
Initial investment EBIT - Taxes -A Depreciation + Salvage value <- Tax on Salvage - NOWC Recapture of NOWC Total free cash flow $315,614 The net present value (NPV) of this replacement project is: O $427,006 $371,310 Year 0 $278,483 Year 1 Year 2 Year 3 Year 4 4 Year 5
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