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April 24, 2014

Homework Help: finance

Posted by Anonymous on Thursday, April 5, 2012 at 10:39pm.

Wheel Industries is considering a three-year expansion project. The project requires an initial investment of $1.5 million. The project will use straight-line depreciation method. The project has no salvage value. It is estimated that the project will generate additional revenues of $1.2 million per year and has annual costs of $600,000.

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