Five years ago, LBS Company invested 38 million-30 million in fixed capital and another 8 million in
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Five years ago, LBS Company invested £38 million-£30 million in fixed capital and another £8 million in working capital--in a bakery. Today,
LBS is selling the fixed assets for £21 million and liquidating the investment in working capital. The book value of the fixed assets is £15 million, and the marginal tax rate is 40 percent. calculate The fifth year's after-tax non-operating cash flow to LBS.
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0133400694
1st canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
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