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QUESTION
Fairfield is considering abandoning a store with no debt.
Fairfield is considering abandoning a store with no debt. Fairfield believes they could sell the store for $300,000 after taxes or it could be kept and it will produce after-tax cash flows of $95,000 for each of 5 years. In addition, the possibility of modernizing the store with additional after-tax cash flow consequences solely for the modernization are as follows:
