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The Juniper Network Company is considering a new 5 -year expansion project that requires an initial fixed investment of $2.5 million. The fixed asset will

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The Juniper Network Company is considering a new 5 -year expansion project that requires an initial fixed investment of $2.5 million. The fixed asset will be depreciated straight line to zero over its five year tax life, after which time it will be worthless. The applicable tax rate is 22%. Estimated annual sales for the project are $2.2 million with annual costs of $1.15mm. The project will also require an initial investment in NWC of $140,000. The NPV of the project at a required return of 18% is estimated to be $ The IRR of the project is \%. At this discount ratu wi will

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