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The Best Manufacturing Company is considering a new Investment Financial projections for the investment are tableted here. The corporate tax rate 22 percent. Assume all

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The Best Manufacturing Company is considering a new Investment Financial projections for the investment are tableted here. The corporate tax rate 22 percent. Assume all sales revenue is received in cash, all operating costs and income taxes are paid in cash, and all cash flows occur at the end of the year. All networking capital is recovered at the end of the project Year Year 2 Year 3 Year 4 Investment $27,000 Sales revenue $ 14,00 $ 15,700 $ 17,100 $ 13.600 Operating costs 3.250 3,275 4,900 3.500 Depreciation 6.750 6,750 6.750 6,750 Networking capital spending 335 235 295 185 : .. Compute the incremental net income of the investment for each year. (Do not round Intermediate calculations.) Year 1 Year 2 Years Year 4 Not income b. Compute the incremental cash flows of the investment for each year (Do not round Intermediate calculations. A negative amount should be Indicated by a minus sign.) Year 0 Year 1 Year 2 Year 3 Year 4 Cashow c. Suppose the appropriate discount rate : 11 percent. What is the NPV of the project (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.)

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