Question: See Table 2 . 5 showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchased additional equipment for $ 1
See Table showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchased additional equipment for $ million at the end of and this equipment was depreciated by $ million per year in and Given Mydeco's tax rate of what impact would this additional purchase have had on Mydeco's net income in years Assume the equipment is paid for out of cash and that Mydeco earns no interest on its cash balances.
Calculate the new net income below: Round to one decimal place.
tablemillions Year,,,,Net Income,$$$$
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