Question: 28 29 30 Moving to another question will save this response. >> Save Answer estion 20 10 points Gibson Guitars is considering expanding one of

 28 29 30 Moving to another question will save this response.

28 29 30 Moving to another question will save this response. >> Save Answer estion 20 10 points Gibson Guitars is considering expanding one of its production facilities to build a new line of guitars honoring legendary guitarist Les Paul. The project would require a $6,000,000 capital investment and will be depreciated (straight-line to zero) over its 3 year life. Sales are expected to be 58,000,000 annually for the 3 year period with costs (excluding depreciation) at 30% of sales. The company would also have to commit initial working capital to the project of $1,000,000. The company has a 35% tax rate. The project cash flow (Free Cash Flow) for Year 3 is: O a. 55.340.000 1.53.800,000 C. 54.792.000 O d. 56,056.000 Moving to another question will save this response Question 20 of 30 8:35 PM 7/2/2020

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