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1. (25pts) A corporation expects to receive $32,000 each year for 15 years from the sale of a product. There will be an initial investment
1. (25pts) A corporation expects to receive $32,000 each year for 15 years from the sale of a product. There will be an initial investment of $150,000. Manufacturing and sales expenses will be $8067 per year. Assume straight line depreciation, a 15-year useful life and no salvage value. Use a 46% income tax rate. What is the before and after-tax rate of return
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