A project is expected to create operating cash flows of $30,000 a year for three years. The initial cost of the fixed assets is $60,000. These assets will be worthless at the end of the project. An additional $10,000 of net working capital will be required throughout the life of the project. What is the project net present value if the required rate of return is 10%? Provide proof of your alternatives and explain.

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.