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You work for Tamimi Industries, which purchased robotics equipment for $580,000 six years ago. The equipment is in place today and has a total 10-year

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You work for Tamimi Industries, which purchased robotics equipment for $580,000 six years ago. The equipment is in place today and has a total 10-year useful life, no salvage value, and a 5 -year MACRS recovery period. The effective tax rate is 23% and the actual cash flow and depreciation amounts are shown. Use a spreadsheet to tabulate CFBT, CFAT, EBIT, and r before and after taxes fc. 6 years of ownership. Is the after-tax approximation using the before-tax rate within 3% of the calculated after-tax r, using a round-off to one decimal

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