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Date Posted: 19:44:09 05/02/00 Tue
Author: Charles Hodges
Subject: Re: Practice Final #3
In reply to: Kim Hranowsky 's message, "Practice Final #3" on 18:01:34 05/02/00 Tue

No, you are correct, -$1940. It is likely that when we uploaded the exam, the - sign did not upload.


> Problem #25: I am getting a negative cash flow in
> Year 3. My calculation is $7000 (salvage value) plus
> $560 (tax on gain) less the $9500 gain in inventory.
> The result is a negative $1940. Am I missing
> something obvious?

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