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Business, 29.11.2020 15:10 kay20081

Eastern Corporation has $21,000,000 in equipment that has a 15 year class life. The equipment is 8 years old. Eastern is selling the equipment for $10,000,000. Eastern uses simplified straight line depreciation (zero salvage value) and has a marginal tax rate of 34%. What is the terminal cash flow?

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Eastern Corporation has $21,000,000 in equipment that has a 15 year class life. The equipment is 8 y...
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