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Holland inc. has just completed development of a new cell phone. the new product is expected to produce annual revenues of $1,350,000. producing the cell phone requires an investment in new equipment,
Holland inc. has just completed development of a new cell phone. the new product is expected to produce annual revenues of $1,350,000. producing the cell phone requires an investment in new equipment, costing $1,440,000. the cell phone has a projected life cycle of 5 years. after 5 years, the equipment can be sold for $180,000. working capital is also expected to increase by $180,000, which holland will recover by the end of the new product's life cycle. annual cash operating expenses are estimated at $810,000. the required rate of return is 8
