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Nokela Industries purchases a $392 million cyclo-converter. The cyclo-converter will be depreciated by $0.8 million per year over four years, starting this year. Suppone Nokele's

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Nokela Industries purchases a $392 million cyclo-converter. The cyclo-converter will be depreciated by $0.8 million per year over four years, starting this year. Suppone Nokele's tax rate 25% a. What impact will the cost of the purchase have on earnings for each of the next four years? b. What impact will the cost of the purchase have on the firm's cash flow for the next four years? a. What impact will the cost of the purchase have on earnings for each of the next four years? Earnings wn decrease by $1 milion each year for four years. (Select from the drop-down menu and round to ono decimal place.)

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