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9. In eight years, Larson Company plans to receive $11,000 cash from the sale of a machine that has a $16,000 book value. If the

9. In eight years, Larson Company plans to receive $11,000 cash from the sale of a machine that has a $16,000 book value. If the firm is subject to a 30% income tax rate, and has a 12% after-tax hurdle rate, the correct discounted cash flow would be: a. $606 b. $1,414 c. $3,838 d. $5,050 *Answer is supposed to be d. $5,050* Please show steps if possible! Thank you

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