... flows (including recovery) . . Ϫ8 ,75 0 2 ,71 8 2 ,71 8 2 ,71 8 2 ,71 8 2 ,71 8 2 ,71 8 3,468 11,026Present value factors @ 14%. . . . . . . . . . . . . . 1.000 0. 877 0 .76 9 0. 675 0.592 0.519 0.456 0.400Present ... applicable tax rate.hel78340_ch08.qxd 9/ 27/ 01 11:28 AM Page 270 276 Financial Analysis: Tools and Techniques resources just as definite as an expenditure for buildings and equipment, exceptthat ... allocation only.hel78340_ch08.qxd 9/ 27/ 01 11:28 AM Page 269 274 Financial Analysis: Tools and Techniques even when this more stringent test is applied. While one could argue for and against either...