6. a. Briarcliff Company is considering a new product line to supplement its range line....
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6. a. Briarcliff Company is considering a new product line to supplement its range line. It is anticipated that the new product line will involve cash investment of Tk. 750,000 at time 0 and Tk. 1.5 million in year 1. After-tax, cash inflows of Tk. 460,000 are expected in year two, Tk. 520,000 in year 3, and Tk. 580,000 each year thereafter through year 10. Calculate net present value if required rate of return is (13+last digit of your ID)%. Decide whether the company will consider new product line or not. [07]
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