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PPE at the end of 2019 was $102M. The firm plans to grow it by 5%. It depreciates its assets as 11.5% of the prior

PPE at the end of 2019 was $102M. The firm plans to grow it by 5%. It depreciates its assets as 11.5% of the prior year PPE. What level of depreciation do you forecast for 2020? (enter your answer in M with 2 decimal points precision)

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