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Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing that would be depreciated on a straight-line basis to a

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

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