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Question 20 You are given the following information. What is the initial cash outflow? Purchase and installation of new equipment Sale price of replaced

Question 20 You are given the following information. What is the initial cash outflow? Purchase and installation of new equipment Sale price of replaced equipment Book value of replaced equipment When the new equipment is installed: Inventory increase Accounts payable increase Tax rate $3,000 $4,600 $3,400 $7,000 $10,000 $ 8,000 $ 3,000 $ 2,000 $ 1,000 40% 3.34 p

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