Question: Quick Computing installed its previous generation of computer chip manufacturing equipment 3 years ago. Some ofthat older equipment will become unnecessary when the company goes

 Quick Computing installed its previous generation of computer chip manufacturing equipment

Quick Computing installed its previous generation of computer chip manufacturing equipment 3 years ago. Some ofthat older equipment will become unnecessary when the company goes into production of its new product The obsolete equipment, which originally cost $38.50 million, has been depreciated straightline over an assumed tax life of 5 years, but it can be sold now for $17.70 million. The rm's tax rate is 30%. What is the aftertax cash flow from the sale of the equipment? {Enter your answer in millions rounded to 1 decimal place.) Altalax cash ow I llnillion

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