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A delivery company recently bought a new van. The van cost $ 2 2 , 5 0 0 and is expected to generate net after
A delivery company recently bought a new van. The van cost $ and is expected to generate
net aftertax operating cash flows of $ per year for the next years. The van's expected salvage
values after tax adjustments are given below. If managers want to maximize shareholder value and
the company has a cost of capital, when should they sell the van? Enter an integer between
and that represents the year in which they should sell.
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