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This Question: 1 pt 6019 (7 complete) This Test: 9 pts possible dt ee Table 2.5showing financial statement data and stock price data for MMydeco
This Question: 1 pt 6019 (7 complete) This Test: 9 pts possible dt ee Table 2.5showing financial statement data and stock price data for MMydeco Corp. Suppose Mydeco had purchased additional equipment for $11.2 million at the end of 2013, and this equipment was depreciated by nillion per year in ydeco earns no interest on its cash balances 3 Assume the equipment is paid for out of cash and that 2015 and 2016_ Given Mydeco's tax rate of 35%, what impact would this additional purchase have had on Mydeco's net income in years alculate the new net income below (Round to one decimal place (millions) Year 2013201420152016 Net Income dditional Depreciation ax Sav New Net Income
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