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An agricultural corporation paying 53% tax rate wants to build a grain elevator designed to last 25 years at an initial cost of $80,000 with

An agricultural corporation paying 53% tax rate wants to build a grain elevator designed to last 25 years at an initial cost of $80,000 with no salvage value. Annual income generated will be $22,500 with annual expenditures to be $12,000. Using straight-line depreciation and a 10% MARR, would you proceed with the project once taxes are considered?

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