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Lander Company has an opportunity to pursue a capital budgeting project with a five-year time horizon. Ater careful study, Lander estimated the following costs and

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Lander Company has an opportunity to pursue a capital budgeting project with a five-year time horizon. Ater careful study, Lander estimated the following costs and revenues for the project The piece of equigment mentioned above has a useful life of five years and zero salvoge value. Lander uses straight-line depreciation for financial reporting and tax purposes. The company's tax rate is 30% and its after-tax cost of capital is 12%. When the project concludes in five years the working capital wilt be released for investment elsewhere within the company. Required: 1. Caiculate the annual income tox expense for each of years 1 through 5 that wilt arise as a result of this investment opportunity. 2. Colculate the net present value of this investment opgortunity. Note: Negative amounts should be indieated by a minus sign. Aound your final answer to the nearest whole dollar

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