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Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $ 4 0 0 , 0 0 0 that would

 Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $400,000 that would be depreciated on a straight-line basis to a zero balance over the four-year life of the project. The project requires $20,000 initially for net working capital, all of which will be recouped at the end of the project. The projected operating cash flow is $250,000 a year. WACC is 10%. What is the net present value  

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