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Spring Greens, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $595000. The fixed asset will be depreciated

Spring Greens, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $595000. The fixed asset will be depreciated straight-line to 20000 over its 3-year tax life, after which time it will have a market value of $134000. The project requires an initial investment in net working capital of $51000. The project is estimated to generate $201000 in annual sales, with costs of $147000. The tax rate is 0.31 and the required return on the project is 0.12. What is the aftertax salvage value in year 3? O $123,000.00 O $102,654.98 O $98,660.00 1 pts $83,996.54

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