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8 years ago, a new machine cost $3 million to purchase and an additional $480,000 for the installation. The machine was to be linearly depreciated

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8 years ago, a new machine cost $3 million to purchase and an additional $480,000 for the installation. The machine was to be linearly depreciated to zero over 25 years. The company has just sold the machine for $1.8 million, and its marginal tax rate is 25%. Attempt 1/1 for 10 pts. Part 1 What is the annual depreciation? 0+ decimals Submit Part 2 What is the current book value? Attempt 1/1 for 10 pts. 0+ decimals Submit Part 3 What is the after-tax cash flow? Attempt 1/1 for 10 pts

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