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A corporation with a 34% combined income tax rate is considering the following investment in research equipment. Prepare an after-tax cash flow table assuming MACRS

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A corporation with a 34% combined income tax rate is considering the following investment in research equipment. Prepare an after-tax cash flow table assuming MACRS depreciation. (a) What is the before-tax rate of return? (b) What is the after-tax rate of return

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