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Milan is looking to expand its eraser offerings. To do so, they will need to purchase equipment costing $1,377,315. The equipment is to be depreciated
Milan is looking to expand its eraser offerings. To do so, they will need to purchase equipment costing $1,377,315. The equipment is to be depreciated straight line to zero over the 10 year life of the equipment. At this point, it will be sold for 10% of the initial cost. If the tax rate is 25 , 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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