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13. (1/2 point) Your firm purchased machinery with a 7-year MACRS life of $100,000. (Depreciation schedule given below). The project however will end after 2

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13. (1/2 point) Your firm purchased machinery with a 7-year MACRS life of $100,000. (Depreciation schedule given below). The project however will end after 2 years at which time the equipment will be sold for $45,000. Your firm's tax rate is 40%. What is the after-tax cash flow at the end of the third year? Year 1 2 3 4 S 6 7 8 Depreciation rate 14% 25% 17% 1396 9 9 9%

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