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Neptune Corporation has $25,000,000 in equipment that has a 15 year class life. The equipment is 5 years old. The firm is selling the equipment
Neptune Corporation has $25,000,000 in equipment that has a 15 year class life. The equipment is 5 years old. The firm is selling the equipment for $19,000,000. Eastern uses simplified straight line depreciation (zero salvage value) and has a marginal tax rate of 34%. What is the terminal cash flow?
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