来自：CFA > 2022 Level II > Corporate Issuers > (P) Reading 19 Capital Budgeting 2022-06-27 19:35
The terminal year non-operating cash flow includes the after-tax salvage value and the recovery of net working capital = €450,000 × (1 − 0.40) +€75,000 = €345,000
这个和TNOF公式对不上，按照公式应该是7500+45000+（45000-0）40%?
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