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Consider a project of the Cornell Haul Moving Company, the timing and size of the incremental after - tax cash flows ( for an all

Consider a project of the Cornell Haul Moving Company, the timing and size of the incremental after-tax cash flows (for an all-equity firm) are shown below in millions:
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The firm's tax rate is 34 percent; the firm's bonds trade with a yield to maturity of 8 percent; the current and target debt-equity ratio is 2; if the firm were financed entirely with equity, the required return would be 10 percent.
What is the levered after-tax incremental cash flow for year 4?
Group of answer choices
$281,704,000
$465,152,000
$194,848,000
$460,796,000

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