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A firm is looking to purchase a new machine which will cost $717,000 today and in 5 years' time the machine could be sold for

A firm is looking to purchase a new machine which will cost $717,000 today and in 5 years' time the machine could be sold for $319,000. The allowable depreciation rate is 14% on a diminishing value basis. The company tax rate is 30%. What is the terminal value of the machine?the correct answer is 324489. But I don't know how to calculate it.

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