Molton Inc. made a $60,000 cash expenditure this year (year O). Compute the after-tax cost if Molton must capitalize the expenditure and amortize it ratably over three years, beginning in year O. Molton has a 21% marginal tax rate and uses a 8% discount rate. Year 1 Year 2 Year 3 PV Factor at 8%.9259 .8573 .7938 $48,310 $47,400 $40,344 $60,000

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