Question: Estimate the approximate after-tax rate of return (ROR) for a project that has a before-tax ROR of 24%. Assume that the company has an effective

Estimate the approximate after-tax rate of return (ROR) for a project that has a before-tax ROR of 24%. Assume that the company has an effective tax rate of 35% and it uses MACRS depreciation for an asset that has a $27,000 salvage value.

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