Question: 1. A new project will cost $4,000,000 and will take $20,000 for installation and testing. It will replace an asset valued on the firm's books

1. A new project will cost $4,000,000 and will take $20,000 for installation and testing. It will replace an asset valued on the firm's books at $250,000. The old asset will be sold for $500,000. If the firm's tax rate is 35%, what is the net initial cash outlay (NICO) for the project

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