Question: Quick Computing installed its previous generation of computer chip manufacturing equipment 3 years ago. Some of that older equipment will become unnecessary when the company
Quick Computing installed its previous generation of computer chip manufacturing equipment years ago. Some of that older equipment will become unnecessary when the company goes into production of its new product. The obsolete equipment, which originally cost $ million, has been depreciated straightline over an assumed tax life of years, but it can be sold now for $ million. The firms tax rate is What is the aftertax cash flow from the sale of the equipment?
Note: Enter your answer in millions rounded to decimal place.
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