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Five years ago, Frater Zahns Company invested d38 milliond30 million in xed capital and another d8 million in working capitalin a bakery. Today, Frater Zahns
Five years ago, Frater Zahns Company invested d38 milliond30 million in xed capital and another d8 million in working capitalin a bakery. Today, Frater Zahns is selling the xed assets for d21 million and liquidating the investment in working capital. The book value of the xed assets is d15 million and the marginal tax rate is 40%. The fth years after-tax nonoperating cash ow to Frater Zahns is closest to: Please explain
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