Question: A company is considering a 4-year project that would require a $220,000 up-front investment in net working capital. The project is expected to generate annual

A company is considering a 4-year project that would require a $220,000 up-front investment in net working capital. The project is expected to generate annual before-tax cost savings of $750,000. Assume the company requires a return of 12% and has a tax rate of 20%. If you were computing the NPV for this project, what amount would you use for the present value of net working capital in your NPV analysis?

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