Question: Down Under Boomerang, Inc., is considering a new three - year expansion project that requires an initial fixed asset investment of $ 3 million. The
Down Under Boomerang, Inc., is considering a new threeyear expansion project that requires an initial fixed asset investment of $ million. The fixed asset will be depreciated straightline to zero over its threeyear tax life, after which time it will be worthless. The project is estimated to generate $ in annual sales, with costs of $ The tax rate is percent and the required return is percent. What is the projects NPVDo not round intermediate calculations and round your answer to decimal places, eg
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