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Kelly's marginal tax rate is 33% and discount rate is 12%. What is Kelly's present value after-tax cost if she pays $300,000 for an asset

Kelly's marginal tax rate is 33% and discount rate is 12%.

What is Kelly's present value after-tax cost if she pays $300,000 for an asset at the beginning of the year and if the cost is amortizable over 2 tax years?

Kelly receives the tax savings from amortization deductions at the end of each tax year.

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