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21-11-2022
Business

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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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