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Joetz Corporation has gathered the following data on a proposed investment project: Investment required in equipment Annual pre-tax cash inflows Salvage value of equipment Life

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Joetz Corporation has gathered the following data on a proposed investment project: Investment required in equipment Annual pre-tax cash inflows Salvage value of equipment Life of the investment Required rate of return Tax rate $ 30,000 $ 6,000 per year $ 5,000 10 years 10% 20% Compute the net income after-tax cash for year 1 of the investment. (Round to the nearest dollar. Do not enter dollar signs or commas.) Fill in the blank

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