The companys tax rate is 30 and its discount rate is 8 the

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A company needs an increase in working capital of $30,000 in a project that will last 4 years. The company"s tax rate is 30% and its discount rate is 8%. The present value of the release of the working capital at the end of the project is closest to:

A) $22,051

B) $21,000

C) $9,000

D) $15,436

Reference no: EM13567189

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