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Quick jumpy party rentals is considering a new inflatable bouncy house to add to it's rentals. The asset will cost $200,000 initially and will generate

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Quick jumpy party rentals is considering a new inflatable bouncy house to add to it's rentals. The asset will cost $200,000 initially and will generate annual operational cash inflows (net, tax adjusted), of $58,600 each year of the 4-year project. The project requires an investment in Net Working Capital of $4,600; the asset will be sold at the end of the project for $23,000 (net, tax-adjusted). If the required return is 10% what is the NPV of the project and should the asset be purchased? (Note: all tax implications have already been factored into the cashflows above.) $5.29,reject the project $55,000, reject the project $55,000; accept the project ($23.89% reject the project $5.29; accept the project (523.89% accept the project

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