Question: CC Inc. is considering undertaking a project that would require a working capital investment of R140 000. The working capital would be liquidated at the

CC Inc. is considering undertaking a project that would require a working capital investment of R140 000. The working capital would be liquidated at the end of the project's 10-year life. If CC inc has an after-tax cost of capital of 10% and a marginal tax rate of 30%, The present value of the working capital cash flow expected to be received in year 10 is closest to Question 43Answer a. R54 000 b. R77 000 c. R37 000 d. R140 000

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