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The following table presents saies forecasts for Golden Gelt Giftware. The unit price is $30 The unit cost of the giftware is $10. It is

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The following table presents saies forecasts for Golden Gelt Giftware. The unit price is $30 The unit cost of the giftware is $10. It is expected that net working capital will amount to 30% of sales in the following year. For example, the store will need an initial (Year 0) investment in working capital of 3024,000$30=$216,000. Plant and equipment necessary to establish the giffware business will require an additional irvestment of $202,000, This investment will be depreciated using MACRS and a 3 year life. After 4 years, the equipment will have an economic and book value of zero. The firm's tax rate is 21% What is the net present value of the project? The discount rate is 12% Use the MACBS denteciationschedule (Do not round intermediote calculations. Round your answer to the neorest whole dollar omount.)

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