Your firm purchased machinery with a 7-year macrs life for, Ask an Expert

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Your firm purchased machinery with a 7-year MACRS life for $9.90 million. The project, however, will end after 5 years. If the equipment can be sold for $4.40 million at the completion of the project, and your firm’s tax rate is 30%, what is the after-tax cash flow from the sale of the machinery? Use the MACRS depreciation schedule. (Enter your answer in dollars, not in millions.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92301264

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