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Please see photo. The Fleming Manufacturing Company Is considering a new investment. Financial projections for the investment are tabulated below. The corporate tax rate is

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The Fleming Manufacturing Company Is considering a new investment. Financial projections for the investment are tabulated below. The corporate tax rate is 23 percent. Assume all sales revenue is recelved in cash, all operating costs and income taxes are paid in cash, and all cash flows occur at the end of the year. All net working capital Is recovered at the end of the project. a. Compute the Incremental net Income of the investment for each year. (Do not round Intermedlate calculations.) b. Compute the Incremental cash flows of the Investment for each year. (Do not round Intermedlate calculations. A negative answer should be Indlcated by a minus sign.) c. Suppose the approprlate discount rate Is 13 percent. What is the NPV of the project? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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