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A corporation purchased a machine for exist60,000 five years ago. It had an estimated life of 10 years and an estimated salvage value of exist9,000.

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A corporation purchased a machine for exist60,000 five years ago. It had an estimated life of 10 years and an estimated salvage value of exist9,000. The current book value of this machine is exist10,000. If the current market value is exist27, 500 and the effective income tax rate is 41%, what is the after-tax investment value (rounded to the nearest whole dollar) of the machine? Use the outsider viewpoint. The after-tax MARR is 10% per year. (Do not enter the dollar sign S with your answer.)

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