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Assume a project has earnings before depreciation and taxes of $15,000, depreciation of
$20,000, and that the firm has a 25% tax bracket. What are the after-tax cash flows for the
project?
Select one:
($21,000)
Can't be determined
$17,500
$18,000
$28,000
$17,000
$19,000
$13,750

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