Personal Finance (MindTap Course List)
Personal Finance (MindTap Course List)
13th Edition
ISBN: 9781337099752
Author: E. Thomas Garman, Raymond Forgue
Publisher: Cengage Learning
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Chapter 2, Problem 3AIP

Cover Letter. Review Figure 2-6 on page 59 and create or update a sample cover letter to accompany your résumé when applying for a job.

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The Fortune Company is considering a new investment. Financial projections for the investment are tabulated below. The corporate tax rate is 24 percent. Assume all sales revenue is received in cash, all operating costs and income taxes are paid in cash, and all cash flows occur at the end of the year. All net working capital is recovered at the end of the project.   Year 0 Year 1 Year 2 Year 3 Year 4 Investment $ 28,000         Sales revenue   $ 14,500 $ 15,000 $ 15,500 $ 12,500 Operating costs   3,100 3,200 3,300 2,500 Depreciation   7,000 7,000 7,000 7,000 Net working capital spending 340 390 440 340 ?
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