Question 8 3 pts A firm is considering a new seven-year expansion project with an...
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Question 8 3 pts A firm is considering a new seven-year expansion project with an initial fixed asset investment of $4.7 million. The foxed asset will be depreciated straight line to zero over its seven year tax life, after which time it will be worthless. No bonus depreciation will be taken the project is estimated to generate 52,394,000 in annual sales with costs of $960,000. The tax rate is 21 percent and the required return is 7.7 percent. What is the net present value of this project? Instruction Enter your response rounded to two decimal places
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