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The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $930,000, and it would cost another

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The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $930,000, and it would cost another $18,500 to install it. The machine falls into the MACRS 3 -year class, and it would be sold after 3 years fo $514,000. The MACRS rates for the first three years are 0.3333,0.4445, and 0.1481. The machine would require an increase in net working capital (inventory) of $13,000. The sprayer would not change revenues, but it is expected to save the firm $352,000 per year in before-tax operating costs, mainly labor. Campbell's marginal tax rate is 25\%. (Ignore the half-year convention for the straight-line method.) Cash outfows, If any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the nearest dollar. a. What is the Year-0 net cash flow? b. What are the project recurring cash flows in Years 1,2 , and 3 ? Year 1:5 Year 2:5 Year 3:5 c. What is the additional Year-3 cosh fiow (i.e, the after-tax salvage and the return of woiling capital)? 5 d. If the project's cost of copltal is 11m, what is the NPy of the project

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