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Nine Point Industries has $37,000,000 in equipment that has a 13 year class life. The equipment is 5 years old. The firm is selling the
Nine Point Industries has $37,000,000 in equipment that has a 13 year class life. The equipment is 5 years old. The firm is selling the equipment for $12,000,000. The firm uses simplified straight line depreciation (zero salvage value) and has a marginal tax rate of 34%. What is the terminal cash flow? Assume no working capital. Set your calculator to 4 decimal places and round to a whole number at the end. For example, if your answer is 1,000 enter it as 1000. DO NOT ENTER THE DOLLAR SIGN
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