Question: Flextech Inc. is considering a project taht will require new equipment costing $500,000. It will replace old equipment with a book value of $35,000 that

Flextech Inc. is considering a project taht will require new equipment costing $500,000. It will replace old equipment with a book value of $35,000 that can be sold for $75,000. The marginal tax rate is 35%. Calculate the projects initial outlay.

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