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Torben Corporation has provided the following information concerning a capital budgeting project The company's income tax rate is 30% and its discount rate is 116
Torben Corporation has provided the following information concerning a capital budgeting project The company's income tax rate is 30% and its discount rate is 116 . The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initisl investments. The company takes income taxes into account in is capital budgeting. The total after-tax cash flow in year 2 is
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