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(similar to) Nokela Industries purchases a $38.4 million cyclo-converter. The cyclo-converter will be depreciated by $9.6 million per year over four years, starting this ye Suppose Nokela's tax rate is 40% a. What impact will the cost of the purchase have on earnings for each of the next four years? b. What impact wil the cost of the purchase have on the firm's cash flow for the next four years? No a. What impact will the cost of the purchase have on earnings for each of the next four years? ent Earnings wil decrease by $ 58 milion each year for four years. (Select from the drop-down menu and round to one decimal place.) empt b. What impact will the cost of the purchase have on the firm's cash flow for the next four years? shon The impact on the firm's cash flow in year 1 is $ million (Round to one decimal place.) te Sub enalty Quel Enter your answer in the answer box and then click Check Answer, Ques port Ques remaining Clear All Final Check To see what to study next, go to your Study Plan 18