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A company is thinking to sell an asset since it will be replaced by a higher capacity one. The estimated sale price of the asset

A company is thinking to sell an asset since it will be replaced by a higher capacity one. The estimated sale price of the asset is $300,000 while the asset has depreciated to the salvage value of $500,000. If the company has the marginal tax rate of 35%, how much is the net proceed from the sale of this old asset? Round to the nearest penny. Do not include a dollar sign in your

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