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You are the financial analyst for a tennis racquet manufacturer. The compary is considering using a graphite.like material in its tennis racquets. The company has

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You are the financial analyst for a tennis racquet manufacturer. The compary is considering using a graphite.like material in its tennis racquets. The company has estimated the information in the following table about the matket for a racquet with the new materlai. The company expects to sell the racquet for six years. The equipment required for the project has no salvage value. The equipment will be. depreclated straight-line to zero over the projects life. The required return for projects of this type is 13 percent, and the company has a 40 percent tax rate. Assume the company has other profitable ongoing operations that are sufficient to cover any losses. Should you recommend the project? Caiculate the NPV under each scenario. (Round the finel answers to 2 decimal ploces. Negotive amounts should be indicoted by a minus sign. Omit $ sign in your response.)

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