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A project will incur $700 in shutdown costs the year after the completion of the project.The tax rate is 35%.What is the tax shield resulting

A project will incur $700 in shutdown costs the year after the completion of the project.The tax rate is 35%.What is the tax shield resulting from these tax-deductible shutdown costs (where a negative number means a cash outflow and a positive number means an incremental cash inflow)?

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