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Question 30 4 pts Atlantic Manufacturing is considering a new investment project that will last for four years. The delivered and installed cost of

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Question 30 4 pts Atlantic Manufacturing is considering a new investment project that will last for four years. The delivered and installed cost of the machine needed for the project is $22,440 and it will be depreciated according to the three- year MACRS schedule. The project also requires an initial increase in net working capital of $309. Financial projections for sales and costs are in the table below. In addition, since sales are expected to fluctuate, NWC requirements will also fluctuate. The end-of-year NWC requirements are included below (hint: these NWC capital requirements DO NOT represent the change in NWC for the period). The $0 requirement for NWC at the end of year 4 means that all NWC is recovered by the end of the project. The corporate tax rate is 35% and the required return on the project is 12%. Year 2 3 Sales $11,276 $12,016 $13,456 $10,723 Costs 2,301 2,748 3,105 1,250 NWC 324 351 220 0 Requirements What is the project's NPV? (Round answer to 2 decimal places. Do not round intermediate calculations).

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