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A company bought a machine for $150,000. The machine was depriciated using a 5 year MACRS approach. After 4 years, the machine was sold at

A company bought a machine for $150,000. The machine was depriciated using a 5 year MACRS approach. After 4 years, the machine was sold at a salvage value of $95,900. Assuming a tax rate of 29%, what are the net proceeds from the sale of the machine?

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