Question

Alcan invested $71 million in a new packaging facility in North Carolina. If the plant is...

Alcan invested $71 million in a new packaging facility in North Carolina. If the plant is to be depreciated over 10 years with straight line depreciation, sales are to generate $49 million in revenues per year, operating and maintenance costs are $24 million per year, and there is no salvage value, what is the after-tax cash flow (in millions of $) from the year 9 of production for the facility? Assume an effective tax rate of 36%.

When entered your response enter in Millions.

EX: Answer is 11,550,000 the answer you enter should be 11.55

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