
Aproject has sales of $611,208, cash costs of $338,911, and depreciation expense of $74,209. the tax rate is 34 percent and the discount rate is 14 percent. what amount should be used as the depreciation tax shield when computing the project’s operating cash flow?

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Aproject has sales of $611,208, cash costs of $338,911, and depreciation expense of $74,209. the tax...
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