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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 50
Estimate the approximate after-tax rate of return for a project that has a first cost of $500,000, a salvage value of 20% of the first cost after 3 years, and annual gross income less operating expenses of (GIOE) = $230,000. Assume the company has a 35% effective tax rate.
Explanation
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The formula to calculate the effective t...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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