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XYZ is evaluating a project that would require the purchase of a piece of equipment for $460.000 today. During year the project is expected to

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XYZ is evaluating a project that would require the purchase of a piece of equipment for $460.000 today. During year the project is expected to have relevant revenue of 756.000, relevant costs of $205.000, and relevant depreciation of $138,000. XYZ would need to borrow 5460,000 today to pay for the equipment and would need to make an interest payment of 533,000 10 the bank in tyear. Bilevant net income for the project in year 1 is expected to be $334,000. What is the tax rate expected to be in year 17 A rate equal to or greater than 34.51% but less than 56 23% Arte equal to or greater than 22 22 buss than 51% Arte equal to or greater than 19.00% but less than 22.22% Arale equal to or greater than 15:19 But than 1990% Als than 15.13% or are greater than 0.23%

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