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Petro Coeporation has provided the following information concerning a capital budgeting project 11% Tax rate...

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Accounting

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Petro Coeporation has provided the following information concerning a capital budgeting project 11% Tax rate Expected life of the project Investment required in equipment Salvage value of equipnent Working capital requirenent Annual sales Annual cash operating expenses 80,0 s 28,e00 189,0 $148,e00 The working capital would be required immediately and would be released for use elsewhere at the end of the project The company uses straight-ine depreciation on all equipment Assume cash ows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting Click here to view Exbibit 131 1 to determine the appropriate discount factoris) using the table provided Required: Determine the net present velue of the project. Show your workd Essay

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