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Consider the following scenario. You are the CFO of a non-tax-paying hospital that is considering opening a pediatric unit. Based on your research, you expected

Consider the following scenario. You are the CFO of a non-tax-paying hospital that is considering opening a pediatric unit. Based on your research, you expected the following: The cost of new equipment for the unit is $4 million. The equipment has a 10-year useful life and can be sold for $500K at the end of 10 years. (Assume straight line depreciation.)

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