BigInch-For the case you have suggested, a non-flashing liquid, such as for example, extremely cold water and relatively low initial velocity, exit pressure would be 0 psig.
However---
For liquids, there is a possibility that the fluid will go two phase and even choke. The choke pressure should not be calculated by steady state techniques- but by techniques of the method of characteristics.
For gases that initially choke, the choke presssure should not be calculated as a steady state choke condition-but by techniques of the method of charateristics.
Hopefully vendors would use those techniques.
On a past thread for pipe line break, individuals have recommended using steady state calculations for determining exit pressures during a transient. That type of approach will lead to misleading results.
Regards