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Suppose a firm's tax rate is 25%. What effect would a $7.60 million capital expense have on this year's earnings if the capital is depreciated

Suppose a firm's tax rate is 25%. What effect would a $7.60 million capital expense have on this year's earnings if the capital is depreciated at a rate of $1.56 have on next years earnings?

Earnings would be higher (lower) each year by $___ million

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