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Compute after-tax cash flow for the following firm: Sales: $40,000 Cost of goods sold and all expenses except depreciation: $20,000 Depreciation: $20,000 Tax rate: 20%

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Compute after-tax cash flow for the following firm: Sales: $40,000 Cost of goods sold and all expenses except depreciation: $20,000 Depreciation: $20,000 Tax rate: 20% Note: Assume that there is no change in assets, liabilities, or any other account. $20,000 $10,000 0 $10,000

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