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Rickos Rickos
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7 years ago
Jefferson Corporation is considering an expansion project. The necessary equipment could be purchased for $15 million and shipping and installation costs are another $500,000. The project will also require an initial $2 million investment in net working capital. The company's tax rate is 40%. What is the project's initial investment outlay (in millions)?
A) $15.0
B) $15.5
C) $17.0
D) $17.5
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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vanrheevanrhee
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7 years ago
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Rickos Author
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7 years ago
I really appreciate this Smiling Face with Glasses
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