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26: Jolly Holiday Company is considering investing $40,000 in a new machine. The machine is expected to last 7 years and to nave a salvage

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26: Jolly Holiday Company is considering investing $40,000 in a new machine. The machine is expected to last 7 years and to nave a salvage value of $4,000. The straight-line method of depreciation is used. Annual after-tax net cash flow from the machine s expected to be $8,000. Round depreciation to nearest DOLLAR

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