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A firm will purchase a $400,000 machine to replace an aging machine with a book value of $19.000. The old machine can be sold for

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A firm will purchase a $400,000 machine to replace an aging machine with a book value of $19.000. The old machine can be sold for $26.000. The new machine will have to be installed at a cost of $1,800. If the tax rate is 36%, determine the NICO. $378,320 $176,900 $294,921 $397,456 none of the above

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