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Milan is looking to expand its eraser offerings. To do so, they will need to purchase equipment costing $1,917,629. The equipment is to be depreciated
Milan is looking to expand its eraser offerings. To do so, they will need to purchase equipment costing $1,917,629. The equipment is to be depreciated straight line to zero over the 8 year life of the equipment. At this point, it will be sold for 27% of the initial cost. If the tax rate is 27, what is the terminal cash flow associated with the equipment? (Round your answer to the nearest dollar ex: 12,345 instead of 12,345.06)
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