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You are evaluating a capital project with a Net lnvestment of 5800,000 , which includes an increase in nrt worling capital of 58,000 . The

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You are evaluating a capital project with a Net lnvestment of 5800,000 , which includes an increase in nrt worling capital of 58,000 . The project has a life of 20 years with an expected salvage value of 5100,000 . The peoject will be depreciated via simplified straight- line depeeciation. Reveaues are expected to inctease by $120,000 per year and operating expenses by $15,000 per year. The firmis marginal tax nate is 40 percent and the cost of capial for this peoject is 12A. What is the net present value of this peoject? Round to the nearest penny. Do not inelode a dnillat sign

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