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EXERCISE 1 A printing company has decided to purchase a new printing press. Its old...

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Accounting

EXERCISE 1 A printing company has decided to purchase a new printing press. Its old press will be sold for $10,000. (It has a book value of $25,000.) The new press will cost $50,000. Assuming that the tax rate is 40 percent.

Required: compute the net after-tax cash outflow.

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