Find fifth year-s after-tax nonoperating cash flow


Five years ago, Frater Zahn's Company invested £38 million-£30 million in fixed capital and another £8 million in working capital-in a bakery. Today, Frater Zahn's is selling the fixed assets for £21 million and liquidating the investment in working capital. The book value of the fixed assets is £15 million and the marginal tax rate is 40%. The fifth year's after-tax nonoperating cash flow to Frater Zahn's is closest to:

A. £20.6 million.

B. £23.0 million.

C. £26.6 million.

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Finance Basics: Find fifth year-s after-tax nonoperating cash flow
Reference No:- TGS0679724

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