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You are evaluating a projict for The Fatstroke golf club, gualanteed to correct that nasty slice You estmate the sales price of The Farstroke to

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You are evaluating a projict for The Fatstroke golf club, gualanteed to correct that nasty slice You estmate the sales price of The Farstroke to be $420 per unit and sales volume to be 1,200 units in year 1,1,325 units in year 2 and 1,000 units in year 3 The project investment of $159.000 in assets, Which can be depreciated using bonus depreciation. The actual matket value of the-ge assets at the end of year 3 is expected to be $33,000. NWC requirements at the beginning of cach year will be approcimately 20 percent of the projected sales during the coming year The tax rate is 21 percent and the required retuin on the project is 10 percent. What change in NWC occurs at the end of ycar 1? (Enter a decrease as o negathe amount using a minus sign)

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