Calculate the net cash flow after tax for year

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Question - Profits after taxes = $23 million; Depreciation = $4 million; Interest expense = $3 million; The corporate tax rate is 25 percent. Calculate the net cash flow after tax for year 1, as if all equity and using the standard textbook method (classical system). Your answer should be in millions and accurate to two decimal places.

Reference no: EM132526255

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