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Business, 08.04.2021 20:00 queenofspades

Metro Corporation will spend $1 million for special manufacturing equipment. Shipping and installation charges will amount to $175,000 and an initial increase in net working capital of $50,000 will be required. The equipment will replace an existing machine that has a salvage value of $85,000 and a book value of $140,000. If Metro has a tax rate of 21%, what is the amount of the initial outlay for this project

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