Suppose your firm originally paid $295,000 for a machine it is depreciating straight-line over a...
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Accounting
Suppose your firm originally paid $295,000 for a machine it is depreciating straight-line over a total of 8 years with zero expected salvage value. If the sells the machine 3 years after the original purchase date for $110,000, what is the cash flow from the sale net of taxes? The firm's marginal tax rate is 27%. Round your answer to the nearest dollar.
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