louis lesiure products is considering a project which will require 1.4 million in nee equipment...
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louis lesiure products is considering a project which will require 1.4 million in nee equipment the equipment will be depreciated straight line to zero book value over 7 year life of project. loiuse expects to sell the equipment at end of project for 20% of its orginsl cost the firm desires a minimal of 14% rate of retyrn on project. tax rate 34% what is amount of the after tax salvage value of equipment
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