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8. The following data is associated with a proposed replacement project A machine that originally cost $25,000 has a book value of $12,500 and a
8. The following data is associated with a proposed replacement project A machine that originally cost $25,000 has a book value of $12,500 and a current market value is $15,000. A new machine costs $40,000 and has a projected economic life of five years. The corporate tax rate is 34%The initial after-tax cash outlay, assuming the old machine is sold at its current market value, is
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