(Appendix 13A and 13B) A company anticipates a tax-deductible cash expense of $40,000 in year 2 of a project. The company's tax rate is 30%, and its discount rate is 10%. What is the approximate present value of this future cash outflow? Do not round your intermediate calculations and round the final answer to the nearest whole dollar.) Multiple Choice $28,000. $23,140. $12,000. $9,917.

(Appendix 13A and 13B) A company anticipates a tax-deductible cash expense of $40,000 in year 2 of a project. The company's tax rate is 30%, and its discount rate is 10%. What is the approximate present value of this future cash outflow? Do not round your intermediate calculations and round the final answer to the nearest whole dollar.) Multiple Choice $28,000. $23,140. $12,000. $9,917.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A 07. Subject:- finance
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