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. Consider a project with an initial investment of $ 6 0 , 0 0 0 , a 6 year usefule life ( and study

. Consider a project with an initial investment of $60,000, a 6 year usefule life (and study Period), and a $10,000 salvage value. You expect an annual net revenue of $15,000(before Tax), a MARR before tax of 15.3%, and an effective tax rate of5%. The capital equipment is
to be depreciated using MACRS GDS and a 3 year class life. Develop the after-tax cash flows
and draw the cash flow diagram.

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