A company needs an increase in working capital of $50,000 in a project that will last 4 years.The company's tax rate is 30% and its after-tax discount rate is 8%.The present value of the release of the working capital at the end of the project is closest to:
A) $36,750
B) $15,000
C) $25,726
D) $35,000
Correct Answer:
Verified
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