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A project will increase annual sales by $ 2 3 7 , 0 0 0 and annual cash expenses by $ 9 5 , 0
A project will increase annual sales by $ and annual cash expenses by $ for four years. The project has an initial cost of $ for equipment that will be depreciated on a straight line basis for four years to a zero salvage value. The company has a marginal tax rate of percent. What is the annual depreciation tax shield?
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