Quick Computing installed its previous generation of computer chip

manufacturing equipment 3 years ago. Some of that older equipment will become unnesscary when the company goes into production of its new product. The obsolete equipment, which originally cost $43.5 million, has been depreciated straight-line over an assumed tax life of 5 years, but it can be sold now for $18.7 million. The firm’s tax rate is 40%. What is the after-tax cash flow from the sale of the equipment? 1 decimal place

After-tax cash flow: ____ million

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