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Mattice Corporation is considering investing $820,000 in a project. The life of the project would be...

Mattice Corporation is considering investing $820,000 in a project. The life of the project would be 6 years. The project would require additional working capital of $32,000, which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $174,000. The salvage value of the assets used in the project would be $42,000. The company uses a discount rate of 13%. (Ignore income taxes.)

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