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Question 20 1 points Save Answer Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing 5675.000 that would be

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Question 20 1 points Save Answer Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing 5675.000 that would be depreciated on a straight-line basis to zero over the 5-year life of the project. The equipment will have a market value of $181.000 at the end of the project. The project requires 551.000 initially for net working capital, which will be recovered at the end of the project. The operating cash flow will be $187,600 a year. What is the net present value of this project if the relevant discount rate is 15 percent and the tax rate is 35 percent? 0-$14,173 -$11.958 0-$16.959 -$15.747 0-513.287

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