Depreciation Tax Shield Assignment | Homework For You

Shepard Industries is evaluating a proposal to expand its current distribution facilities. Management has projected the project will produce the following cash flows for the first two years​ (in millions).

Year 1 2
Revenues 1 000 1 350
Operating expense 425 500
Depreciation 230 260
Increase in working capital 60 70
Capital expenditures 250 300
Marginal corporate tax rate ​30% ​30%

The depreciation tax shield for Shepard Industries project in year 2 is closest​ to. Get Finance homework help today

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