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QUESTION 5 A firm is considering a project that is forecasted to cost $100 initially. The firm expects to sell the asset at the end
QUESTION 5
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A firm is considering a project that is forecasted to cost $100 initially. The firm expects to sell the asset at the end of year five for $8. The book value at year 5 is $2.6. Taxes are 30%. What is the net sale price of the asset?
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