Question: i will upvote 1 pts U Question 31 The Opensource approved a 6-year project that requires an initial investment of $48 million for the equipment
1 pts U Question 31 The Opensource approved a 6-year project that requires an initial investment of $48 million for the equipment and working capital of $6 million. The marginal tax rate for Opensource is 10%. The project will generate the following figures for each year during the life of the project: Soles of $60 million, Operating Expenses of $3 million and Depreciation and Amortization charges of $8 million. The firm uses straight-line depreciation and assumes that the equipment will fully depreciate at the end of the project. If the market value of the equipment is $2 million at the end of the project, what is the Free Cash Flow of the project in year 6? $62.30 million $57.50 million O $55.11 million O $59.90 million O $44.10 million
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