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USE THE FOLLOWING DATA FOR QUESTIONS 23-25 Hawiceye Innovations is considering developing a new type of mouse trap They have made the following estimates regarding

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USE THE FOLLOWING DATA FOR QUESTIONS 23-25 Hawiceye Innovations is considering developing a new type of mouse trap They have made the following estimates regarding the development of the new product The life of the project is 7 years The project will require additional equipment that will cost $21000, None of the equipment will have any salvage value Sales are expected to be 10,000 units per year at $4.50 per unit Variable costs are expected to be $260 per unit . Fixed costs are expected to be $12.000 per year The annual Depreciation expense would be 53.000 Additional Net Working Capital will be needed in Year in the amount of $8.000 60% of this will be recovered in Year? . The company's tax rate is 34% The Required Rate of Return on the project is 11 Question 23: What is the Year 0 Total Cash Flow

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