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A company has new equipment costs of $1 million, which will be depreciated to zero using straight-line depreciation over 7 years. The company expects to bring in revenues of $8 million per year for 7 years with production costs of $1 million per year. If the company's tax rate is 41%, what are the incremental earnings (not cash flows) of this project in years 1-7? Enter your answer in dollars and round to the nearest dollar.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92849359

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