Question: Save Answer Question 4 3 points Use the same information given below for following 3 questions, (Q2-04) Keene, Inc. is considering a new four-year expansion

 Save Answer Question 4 3 points Use the same information given

Save Answer Question 4 3 points Use the same information given below for following 3 questions, (Q2-04) Keene, Inc. is considering a new four-year expansion project that requires an initial fixed asset investment of 53.0 millon. The foxed asset will be depreciated using on a straight-line basis to zero over is four year life. The fixed asset will have a market value of $350,000 at the end of the project. The project requires an initial investment in net working capital of $325,000. The working capital will be recovered at the end of the project's life. The project is estimated to generate $2,250,000 in annual sales with costs of $750,000. The tax rate is 40 percent Q4. Calculate the total cash flows that take place in year 4 on this project. 51.525,000 51,315,000 $1,200,000 $875.000 A 51,735,000

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