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New equipment costs $ 1 0 million. The equipment will be depreciated straight line over 5 year to a value of zero, but in fact

New equipment costs $10 million. The equipment will be depreciated straight line over 5 year to a value of zero, but in fact it will be sold after 4 years for $3,000,000. The firms tax rate is 40%. What is the after-tax cash flow from the sale of the equipment? excel

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