Use the information for the question(s) below.
Shepard Industries is evaluating a proposal to expand its current distribution facilities.Management has projected the project will produce the following cash flows for the first two years (in millions) .
-The incremental unlevered net income of the Shepard Industries project in year two is closest to:
A) $403 million.
B) $470 million.
C) $600 million.
D) $510 million.
Correct Answer:
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