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What is the answer to question 14? Thank you Question 14 1 pts Franco is considering the purchase of new equipment. To begin the project,

What is the answer to question 14? Thank you
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Question 14 1 pts Franco is considering the purchase of new equipment. To begin the project, the equipment costs $320,000, and an additional $130.000 is needed to install it. An inventory investment cost of $74.000 is also required for the project. The equipment will be depreciated straight- line to zero over a five-year life. The equipment will generate additional annual revenues of $280,000, and it will have annual cash operating expenses of $87,000. The equipment will be sold for $80.000 after five years. Franco is in the 30 percent tax bracket and its cost of capital is 12 percent. What is the NPV of this project? $134,099.71 $127,903.12 $92,036.55 $86,664.52

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