7. At the start of a project, a firm assumed that a machine would be sold at the end of the project at $17 million. The firm used straight-line depreciation method based on the book value of $17 million at the end of the project for the machine. However, at the end of the project the machine is sold for $7 million instead. If the marginal tax rate is 20%, then the firm will receive 51.40 million from the IRS, since the taxes were overald pay additional taxes of $3.40 million, since the taxes were underpaid. have $9.00 million in after tax proceeds from the sale of the machine have $10.00 million in after-tax proceeds from the sale of the machine pay additional taxes of $1.40 million, since the taxes were underpaid