Proposal #$1$ modifies our dock for additional sorting areas

additional information:

Management confirmed that our cost of capital is $11\%$ regardless of the project, while the tax department says our corporate income tax rate is $20\%.$ Attached is data for each proposal.

June $23,20$X$2,$ capital proposal details:

Measure Proposal #$1$

Initial investment cost amount $$740,000$

Estimated salvage value $$112,000$

Estimated useful life $24$ years

Estimated yearly added net cash inflows $$153,000$

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