Question: Problem 9-17 Project Evaluation [LO2] Your firm is contemplating the purchase of a new $575,000 computer-based order entry system. The system will be depreciated straight-line

Problem 9-17 Project Evaluation [LO2] Your firm is contemplating the purchase of a new $575,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $89,000 at the end of that time. You will be able to reduce working capital by $114,000 at the beginning of the project. Working capital will revert back to normal at the end of the project. The tax rate is 23 percent and the

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