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Question 4 10 pts A firm takes out a $300,000 loan to purchase an asset. It makes yearly payments of $30,000 plus interest at a
Question 4 10 pts A firm takes out a $300,000 loan to purchase an asset. It makes yearly payments of $30,000 plus interest at a 5% annual rate over 10 years. The asset brings in BTCF of $100,000 each year. The asset is purchased for the loan amount and is depreciated via the straight-line method over the term of the loan. The marginal tax rate is 35%. What is profit in the last year of the loan? $25,025 $43,550 $44,525 $45,500
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