Multiple Choice
A company anticipates incremental net income (i.e.,incremental taxable income) of $20,000 in year 3 of a project.The company's tax rate is 30% and its after-tax discount rate is 8%.The present value of this future cash flow is closest to:
A) $6,000
B) $4,763
C) $14,000
D) $11,116
Correct Answer:
Verified
Correct Answer:
Verified
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