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Sarasota Inc. has a project that requires a $ 5 0 , 4 0 0 after - tax initial investment and produces these after -

Sarasota Inc. has a project that requires a $50,400 after-tax initial investment and produces these after-tax cash flows at each yearend: $18,700;$20,800;-$6,300;$41,800;$59,600; and $22,600. The appropriate domestic discount rate is 23.8 percent. The project is in another developing country, where extra risk is assumed to be 6.1 percent. Calculate the project's NPV. Should Sarasota Inc. accept or reject the project? (Round present value factor calculations to 5 decimal places, e.g.1.25124 and the final answer to 2 decimal places e.g.971.25.)
NPV
Sarasota Inc. should the project.
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