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22. Yesterday, June 30th, Mike2Too purchased a welding machine for $54,876 (including installation) thats being depreciated to a terminal value of zero using 5 years
22. Yesterday, June 30th, Mike2Too purchased a welding machine for $54,876 (including installation) thats being depreciated to a terminal value of zero using 5 years MACRS with a half-year convention (i.e., with annual depreciation rates of 20%, 32%, 19.2%, 11.52%, 11.52%, and 5.76%). Mike2Too expects to sell the welder after 3 1/2 years for $15,463. Mike2Too's tax rate is 27%. Determine the expected after-tax cash flow from selling the welder.
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