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1. Suppose you purchase a tractor for $67,000, the pre-tax discount rate is 14%, the marginal tax rate is 25%, and the tractor can be

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1. Suppose you purchase a tractor for $67,000, the pre-tax discount rate is 14%, the marginal tax rate is 25%, and the tractor can be sold for $15,000 in 5 years. Calculate the present value of the initial cost. $67,000 $76,380 $83,750 $75,000 None of the answers are correct

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