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Question 22 10 pts Superior Manufacturers is considering a 3-year project with an initial cost of $840,000. The project will not directly produce any sales

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Question 22 10 pts Superior Manufacturers is considering a 3-year project with an initial cost of $840,000. The project will not directly produce any sales but will reduce operating costs by $285,000 a year. The equipment is depreciated straight-line to a zero book value over the life of the project. At the end of the project the equipment will be sold for an estimated $30,000. The tax rate is 34 percent. The project will require $30,000 in extra inventory for spare parts and accessories. Should this project be implemented if Superior Manufacturing requires an 8 percent rate of return? Why or why not? HTML Editora BIVA -A- IEE311xx, 15 E V 11 12pt Paragraph

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