If, at the end of the project life, a piece of equipment having a book
If, at the end of the project life, a piece of equipment having a book value of $4,000 is expected to bring $3,000 upon resale, and the income tax rate is 40%, how much will be the cash flow?
A) $2,800
B) $3,000
C) $3,400
D) $4,000
ANSWER
C
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