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Business, 15.04.2020 00:59 hailscooper7363

A chemical plant paying 43% in income taxes wants to purchase a ball mill designed to last for 20 years at a cost of $76,000, with no salvage value. Annual income generated will be $24,000 and annual expenditures will be $13,000. Using single line depreciation and a 10% interest rate, what is the 20-year after-tax present worth of the project

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