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12. P. Rose, Inc. is considering a new four-year expansion
project that requires an initial fixed asset investment of
$1,950,000. The asset will be depreciated straight-line to zero
over its six-year tax life, after which time it will be worthless.
The project is estimated to generate $2,145,000 in annual sales,
with costs of $1,205,000. The fixed asset will have a market...