Question: Nokela Industries purchases a $ 3 5 . 2 $ 3 5 . 2 million cyclo - converter. The cyclo - converter will be depreciated

Nokela Industries purchases a
$ 35.2$35.2
million cyclo-converter. The cyclo-converter will be depreciated by
$ 7.04$7.04
million per year over
55
years, starting this year. Suppose Nokela's tax rate is
35%35%

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