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Forben Corporation lies provided the jollowing infomation conceming a capitai Duugeing project Investment required in equipment Expected life of the project Salvage value of equipment
Forben Corporation lies provided the jollowing infomation conceming a capitai Duugeing project Investment required in equipment Expected life of the project Salvage value of equipment Annual sales. $306,000 $ 0 Annual cash operating expenses (including g both variable and fixed expenses) $ 645,000 $459,000 The company's income tax rate is 30% and its discount rate is 11%. The company straight-line depreciation occur at the end of the year except for the initial investments. The company takes income taxes into account im The total after-tax cash flow in year 2 is
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