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A company buys $1 million in equipment for a new project. When they are done with the equipment, they will be able to salvage it
A company buys $1 million in equipment for a new project. When they are done with the equipment, they will be able to salvage it for $100,000. The project $30,000 in additional inventories and $40,000 in additional accounts payable. The company tax rate is 20%. What is the initial investment of the project?
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