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Question 8 1 point Number Help Yellow Sand Food is evaluating a project that would require the purchase of a piece of equipment for 870,000

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Question 8 1 point Number Help Yellow Sand Food is evaluating a project that would require the purchase of a piece of equipment for 870,000 dollars today. During year 1, the project is expected to have relevant revenue of 606,000 dollars, relevant costs of 207,800 dollars, and relevant depreciation of 55,000 dollars. Yellow Sand Food would need to borrow 870,000 today for the equipment and would need to make an interest payment of 28,200 dollars to the bank in 1 year. Relevant operating cash flow for the project in year 1 is expected to be 277,840 dollars. What is the tax rate expected to be in year 1? Answer as a rate in decimal format so that 12.34% would be entered as 1234 and 0.98% would be entered as .0098. Number

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