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What is the after-tax cash flow from the sale of equipment

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Question 1: Quick Computing installed its previous generation of computer chip manufacturing equipment 3 years ago. Some of that older equipment will become unnecessary when the company goes into production of its new product. The obsolete equipment, which originally cost $44.00 million, has been depreciated straight-line over an assumed tax life of 5 years, but it can be sold now for $18.80 million. The firm's tax rate is 30%. What is the after-tax cash flow from the sale of the equipment?

Reference no: EM132539742

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