Phillips Inc. sold machinery with a $137,700 adjusted tax basis for $208,000. The buyer paid...
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Phillips Inc. sold machinery with a $ adjusted tax basis for $ The buyer paid $ in cash and took on Phillips's $ mortgage on the machinery. Calculate Phillips's net cash flow from the sale, assuming a tax rate. 
Phillips Inc. sold machinery with a $ adjusted tax basis for $ The buyer paid $ in cash and took on Phillips's $ mortgage on the machinery. Calculate Phillips's net cash flow from the sale, assuming a tax rate.
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