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QUESTION 3 [ 7 Marks ] Dephny Ltd expects to sell equipment used in an investment project for R400 000. The equipment, with a book

QUESTION 3 [ 7 Marks ] Dephny Ltd expects to sell equipment used in an investment project for R400 000. The equipment, with a book value of R0, is sold at the end of the life of the project. The company is subject to a 30% tax rate. Net working capital worth R200 000 will be recovered. REQUIRED: Calculate the terminal cash flow for the project.

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