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In making a decision to invest in a project the cash flow should be adjusted...

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Finance

In making a decision to invest in a project the cash flow should be adjusted for their tax effect. Assume an income tax rate of 35% an old machine with a book value of P70,000 will be replaced by a new machine costing P150,000. The market value of the old machine is P50,000. The after tax investment outlay is.... Please include your solution that is easy to understand.

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