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Ken Smith wants to start a deck and fence company called Heritage Design. Ken will run the business for these year and then refer Assure

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Ken Smith wants to start a deck and fence company called Heritage Design. Ken will run the business for these year and then refer Assure that his investment outlays will occur immediately and all operating cash flows occur to year-end with the first year's cash flows occurring one year from now Ken plans to buy two pick-up trucks at a cost of $24.200 per vehicle. He also expects to purchase $20, 300 worth of lost and equipment. The trucks and the equipment are classified as a 5 year prepay (MACRS depreciation rates are shown in the table) Ken is forces ting that he will build 115 decks in the first year and 135 decks in years 2 and 3. He that the average deck will be picked at $6.570, Ken Smith wants to start a deck and fence company called Heritage Design. Ken will run the business for these year and then refer Assure that his investment outlays will occur immediately and all operating cash flows occur to year-end with the first year's cash flows occurring one year from now Ken plans to buy two pick-up trucks at a cost of $24.200 per vehicle. He also expects to purchase $20, 300 worth of lost and equipment. The trucks and the equipment are classified as a 5 year prepay (MACRS depreciation rates are shown in the table) Ken is forces ting that he will build 115 decks in the first year and 135 decks in years 2 and 3. He that the average deck will be picked at $6.570

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