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please give me accurate answer. Many answers are uploaded of the same question, which are wrong. please take care while calculating the question Hubrey Home
please give me accurate answer. Many answers are uploaded of the same question, which are wrong. please take care while calculating the question
Hubrey Home Inc. is considering a new three-year expansion project that requires an initial fixed asset investment of $3.7 million. The fixed asset falls into Class 10 for tax purposes (CCA rate of 30% per year), and at the end of the three years can be sold for a salvage value equal to its UCC. The project is estimated to generate $2,630,000 in annual sales, with costs of $832,000. If the tax rate is 35%, what is the OCF for each year of this project? (Enter the answers in dollars. Do not round your intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.)Step by Step Solution
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