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Please calculator Steps BA II+ Bruno's Lunch Counter is expanding and expects operating cash flows of $20,500 a year for 5 years as a result.
Please calculator Steps BA II+ Bruno's Lunch Counter is expanding and expects operating cash flows of $20,500 a year for 5 years as a result. This expansion requires $54,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $4,800 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 13 percent? A) $21,013 B) $15,908 C) $22,180 D) $18,103 E) $19,612
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