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A company is considering an 8-year project to expand into a new geographical area. The project requires a new machine, which would cost $210,000 FOB

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A company is considering an 8-year project to expand into a new geographical area. The project requires a new machine, which would cost $210,000 FOB San Francisco, with a shipping cost of $7,000 to the new plant location. Installation expenses of $10,000 would also be required. This new machine would be classified as 7-year property for MACRS depreciation purposes. The project engineers anticipate that this equipment could be sold for salvage for $59,000 at the end of the project. If the corporate tax rate is 32%, what is the x salvage cash flow for this new machine at the end of the project? (Answer to the nearest dollar.) MACRS percentages for depreciation each year are as follows: Year % 1 2 3 4 5 6 7 8 14.29 24.49 17.49 12.49 8.93 8.93 8.93 4.45

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