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A machine's original cost is $270,000 and a firm currently has it on a straight-line depreciation schedule over 7 years with no salvage value. Suppose
A machine's original cost is $270,000 and a firm currently has it on a straight-line depreciation schedule over 7 years with no salvage value. Suppose that exactly 4 years after the original purchase, the firm sells the machine for $131,000. If the firm's marginal tax rate is 16%, what is the cash flow from the sale net of taxes? Round your answer to the nearest penny.
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