Question: Please show work, if using exel show formulas and how the answer was found thank you Xon, a small oil equipment company, purchased a new

Please show work, if using exel show formulas and how the answer was found thank you

Please show work, if using exel show formulas and

Xon, a small oil equipment company, purchased a new petroleum drilling rig for $2,000,000. Xon will depreciate it using MACRS depreciation. The drilling ng has been leased to a fimm, which will pay Xon $750,000 per year for 8 years. After 8 years the drilling rig will belong to the firm. The firm has a 24% combined marginal income tax rate. What is the after-tax rate of retum? (20 Points)

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