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Westlake Corporation is considering a new three-year expansion project that requires an initial fixed asset investment of $2.4 million The fixed asset falls into the

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Westlake Corporation is considering a new three-year expansion project that requires an initial fixed asset investment of $2.4 million The fixed asset falls into the three-year MACRS class. The project is estimated to generate $1,980,000 in annual sales, with costs of $695,000. The project requires an initial investment in net working capital of $200,000, and the fixed asset will have a market value of $310,000 at the end of the project if the tax rate is 34 percent, what is the project's initial outlay (Year O). Year 1 net cash flow? Year 22 Year 3? Table 83. (Enter your answers in dollars, not millions of dollars. A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 1,234,567.89.) Year o Year 1 Year 2 Year 3 Cash Flow $ $ $ $ If the required return is 18 percent, what is the project's NPV? (Enter your answer in dollars, not millions of dollars. Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 1,234,567.89.) NPV $

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