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The Fancy Manufacturing Company is considering o new investment. Financial projections for the investment are tabulated here. The corporate tax rate is 24 percent. Assume

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The Fancy Manufacturing Company is considering o new investment. Financial projections for the investment are tabulated here. The corporate tax rate is 24 percent. Assume all sales revenue is recelved in cash, all operating costs and income taxes are paid in cash, and all cash flows occur at the end of the yeat. All net working capital is recovered at the end of the project. a. Compute the incremental net income of the investment for eachyear, (Do not round Intermedlate calculatlons and round your onswers to the nearest whole numbec, e.g. 32) b. Compute the incremental cash flows of the investment for each yeac (A negotive amount should be Indicated by a minus slgn. Do not round Intermedlate calculations and round your answers to the nearest whole number, e.g., 32] c. Suppose the appropriate discount rate is 11 percent. What is the NPV of the project? (Do not round Intermediste colculations ond round your snower to 2 decimal ploces, e.9. 3216.)

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