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Russell Construction is trying to decide whether to purchase a large construction crane. The crane will cost $10,000,000, and will be depreciated to zero over

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Russell Construction is trying to decide whether to purchase a large construction crane. The crane will cost $10,000,000, and will be depreciated to zero over the 4 year life of the project. The company has determined that the annual operating cash flow generated by the crane would be $3,790,000, and a competitor has told the company they will buy the crane at the end of Year 4 for $1,000,000. No additional working capital will be needed for the project. Assuming a tax rate of 21%, what is the Year 4 cash flow of the project? Multiple Choice O $11,000,000 $4,790,000 $3,869,000 Which of the following attributes are desirable in an Index Mutual Fund? 1. II. Low fees Outperformance relative to the underlying index Low Tracking Error High Standard Deviation IV. Multiple Choice O I, II, and III I and III O O All of them

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