Homework Answers
Book value today=Purchase Price-Accumulated Depreciation=Purchase Price-Depreciation*3=Purchase Price-Purchase Price/7*3=Purchase Price*4/7=1.11*4/7
Incremental cash flow=Selling Price-(Selling Price-Book value
today)*tax
rate=707000-(707000-1.11*4/7*10^6)*40%=677914.2857
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