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Shepard Industries is evaluating a proposal to expand its current distribution facilities. Management has projected the project will produce the following cash flows for the first two years (in millions of dollars) .
-The incremental EBIT for Shepard Industries in year two is closest to:
Disaffirm
To reject, refuse to accept, or declare a contract void, often used in the context of minors’ capacity to enter into contracts.
Necessary
Essential or required for a particular purpose, without which the objective cannot be achieved.
Ratification
The action of signing or giving formal consent to a treaty, contract, or agreement, making it officially valid.
Emancipation
The process by which a minor becomes legally recognized as an independent adult, free from parental control.
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