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The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $30. The unit cost of the giftware is $28. It is
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $30. The unit cost of the giftware is $28. 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 0.321,300$30=$191,700. Plant and equipment necessary to establish the giftware business will require an additional investment of $189,000. This investment will be depreciated in an asset class with a CCA rate of 25%. We will assume that the firm has other assets in this asset class. After 4 years, the equipment will have an economic and book value of zero. The firm's tax rate is 35%. The discount rate is 18%. What is the net present value of the project? (Round your answer to the nearest whole dollar amount.) NPV \$
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