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A profitable company buys $60,000 of office furnitures that qualifies for 60% bonus depreciation. The equipment is expected to save $15000 per year over

A profitable company buys $60,000 of office furnitures that qualifies for 60% bonus depreciation. The equipment is expected to save $15000 per year over 5 year life, when it will be sold for $12000. What is the after tax present worth? Use, MARR = 10% and income tax rate is 21%.

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