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pls explain using a finnacial calculator NOT EXCEL Your firm has a marginal tax rate of 40% and a cost of capital of 14%. You

pls explain using a finnacial calculator NOT EXCEL
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Your firm has a marginal tax rate of 40% and a cost of capital of 14%. You are performing a capital budgeting analysis on a new projoct that will cost $500,000. The project is expected to have a useful Ufe of 10 years, altiough its MACRS class life is only 5 yeara. The applicablo MACRS depreciation rates are 20%, 32%, 19%, 12%, 11%, and 6%. The project is expected to increase the firm's net income by $81,257 per yeat and to have s salvage value of $35,000 at the end of 10 years. What is the prolect's NPV? a. $95,356 b. $108359 c. $135,250 d. 5162,185 6. 5177.002

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