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A new 7-year property class asset will require an investment of $200,000 and is expected to have year- end MVs and annual expenses as shown

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A new 7-year property class asset will require an investment of $200,000 and is expected to have year- end MVs and annual expenses as shown in the table below. Assume an effective income tax rate of 35% and an after-tax MARR of 8% per year. Use MACRS (GDS) and find the economic life on an after-tax basis for the new depreciable property

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