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The project has the following incremental EBIT: t EBIT t=0 0 t=1 65 t=2 85 t=3 100 t=4 105 Tax rate is 20 percent. Year

The project has the following incremental EBIT:

t EBIT
t=0 0
t=1 65
t=2 85
t=3 100
t=4 105

Tax rate is 20 percent. Year 0 capex is 100, which is depreciated straight line over years 1-4. And annual change in working capital is 10 per year. Compute annual cash flow. Aggregate (add up) the cash flow over all five years without any time-value of money adjustments. What is that aggregate value?

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