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The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The unit cost of the giftware is $25. It is

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The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The unit cost of the giftware is $25. It is expected that net working cap tal wil amount to 20% of sales in the following year. For example, the store will need an initial (Year 0) investment in working capital of .2023,000$40=$184,000. Plant and equipment necessary to establish the giftware business will require an additiond investment of $225,000. This investment will depreclate on the MACRS schedule over 3 years. After 4 years, the equipment wal have an economic and book value of zero. The firm's tax rate is 30%. The discount rate is 20%. Use the MACRS a. What is the net present value of the project? Note: Do not round intermediate calculations. Aound your answer to the nearest whole dollar amount

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