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43. A company anticipates a taxable cash expense of $40,000 in year 2 of a project. The company's tax rate is 30% and its discount

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43. A company anticipates a taxable cash expense of $40,000 in year 2 of a project. The company's tax rate is 30% and its discount rate is 10%. The present value of this future cash flow is closest to: a. ($23,128). b. ($9,912). c. ($12,000). d. ($28,000). e. ($33,040)

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