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What is the after-tax present worth of a chip placer if it costs $55,000 and saves $17,000 per year? The after-tax interest is 10%. Assume

What is the after-tax present worth of a chip placer if it costs $55,000 and saves $17,000 per year? The after-tax interest is 10%. Assume the device will be sold for $1000 salvage value at the end of its 6-year life. The CCA rate is 20% and the corporate income tax rate is 54%. Check your results with Excel functions.

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