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Mills mining is considering an expansion project. The proposed project has the following features. The project has an initial cost of $739 - this is

Mills mining is considering an expansion project. The proposed project has the following features. The project has an initial cost of $739 - this is also the amount which can be depreciated using the following depreciation schedule: Year 1 is 33%, Year 2 is 45%, Year 3 is 15%, and Year 4 is 7%. If the project is undertaken, at t = 0 the company will need to increase its inventories by $74, and its accounts payable will rise by $58. This net operating working capital will be recovered at the end of the projects life (t=4). If the project is undertaken, the company will realize an additional $568 in sales over each of the next four years (t = 1, 2, 3, 4). The company's operating cost (not including depreciation) will equal $420 a year. The company's tax rate is 40%. At t = 4, the projects economic life is complete, but it will have a salvage value of $244. The projects WAC = 10%. What are the one-time cash flows associated with end the project (i.e. Terminal Cash Flows)? Note, we only want terminal cash flows, not operating cash flows in the last year.

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