The following machine is under consideration.

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The following machine is under consideration. First Cost $45,000 Salvage 3,000 Ann Op Expense 8,000 Ann Revenues 23,000 Life 6years Deprecation SL This machine will be financed with 100% equity capital with ie = 14%. Calculate the tax rate that will just enable the project to meet its 14% return on equity requirement. The following machine is under consideration. First Cost $45,000 Salvage 3,000 Ann Op Expense 8,000 Ann Revenues 23,000 Life 6years Deprecation SL This machine will be financed with 100% equity capital with ie = 14%. Calculate the tax rate that will just enable the project to meet its 14% return on equity requirement