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Question 33 1 pts You are bidding on a project that lasts three years. This project requires the purchase of $180,000 of equipment that will
Question 33 1 pts You are bidding on a project that lasts three years. This project requires the purchase of $180,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the 3- year project life. The equipment can be sold at the end of the project for $34,000. You will need $20,000 in net working capital today which will be fully recovered at the end of the project. The operating costs will be $184,000 per year. Your required rate of return is 15 percent and your tax rate is 45 percent. What is the minimum annual revenue to achieve breakeven for this project? 265403 267294 270602 273911
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