A Proposed Project Will Require $410,000 in Fixed Assets That

question 5

Multiple Choice

A proposed project will require $410,000 in fixed assets that would be depreciated straight-line to zero over the 3-year life of the project.These assets have an expected aftertax salvage value of $110,000 at the end of the project. The project would require $48,000 of net working capital,all of which is recoverable,along with $220,000 in annual expenses.What is the minimum annual price you should bid on this project if you require a rate of return of 17 percent and have a tax rate of 30 percent?

• A)$410,208
• B)$393,760
• C)$408,211
• D)$427,009
• E)$367,984

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Definitions:

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Norms that represent the shared expectations and rules guiding the behavior of individuals within specific groups, societies, or cultures.

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