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Your firm purchased machinery for $11.0 million and received immediate 100% bonus depreciation. The project will end after 5 years. If the equipment can be
Your firm purchased machinery for $11.0 million and received immediate 100% bonus depreciation. The project will end after 5 years. If the equipment can be sold for $5.5 million at the completion of the project, and your firms tax rate is 21%, what is the after-tax cash flow from the sale of the machinery?
Answer in millions rounded to 4 decimal places.
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