Problem
A firm has invested $14,000 in machinery with a 7-year useful life. The machinery will have no salvage value, as the cost to remove it will equal its scrap value. The uniform annual benefits from the machinery are $3600. For a combined 47% income tax rate, and sum-of-years'-digits depreciation, compute the after-tax rate of return.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.