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You have decided to start a business. Your start up costs consists of the purchase of a capital asset for $90,000. This asset will last

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You have decided to start a business. Your start up costs consists of the purchase of a capital asset for $90,000. This asset will last for 6 years at which time is will be sold for 30% of the purchase price. Your revenues will be $35,000 per year except the final two years where they will increase to $51,000, expenses will be $10,000 per year. Your business will require an increase of working capital of $10,000 this will be recovered when the business is sold. There will be assets remaining in the CCA class, you do not need to consider terminal losses or recaptures. Aashita Sharma your CFO tells you that the CCA rate is 15%, the tax rate is 30% and the cost of capital is 12%. Find the NPV for this project. Show your work in detail on the support work you will submit. Make sure you label all your calculations

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