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Using excel formulas!!! Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.18 million. The fixed asset
Using excel formulas!!!
Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.18 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $1.645 million in annual sales, with costs of $610,000. If the tax rate is 21 percent, what is 4 12 14 17 18 20 21 the OCF for this project? Input area: Asset investment Estimated annual sales Costs Tax rate Project and asset life $1,645,000 $610,000 21% (Use cells A6 to BIO from the given information to complete this question.) Output area: Sales Costs Depreciation Taxes Net income
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