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iThe CEO of your firm is interested in purchasing a jet for $10 million. Its first-year and second-year depreciation are both 20%. At the end

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iThe CEO of your firm is interested in purchasing a jet for $10 million. Its first-year and second-year depreciation are both 20%. At the end of year 2 , the firm chooses to sell the jet at $8 million. What is the after-tax cash flow impact of the sale? Assuming the marginal tax rate is 20% ? +6.4 million +7.4 million +8.4 million +7.6 million

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