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AFB, Inc. requires an investment in equipment of $600,000 to replace existing equipment. The existing equipment will produce after tax salvage value of $70,000. Net

AFB, Inc. requires an investment in equipment of $600,000 to replace existing equipment. The existing equipment will produce after tax salvage value of $70,000. Net working capital requirements are increased by $50,000. What is the total cash outflow at time zero (i.e. initial outlay)?

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