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A MACRS 5-year equipment was purchased at $3,500. After taken 3-year depreciation, the equipment was sold for $4,000. Calculate the after tax cash flow of

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A MACRS 5-year equipment was purchased at $3,500. After taken 3-year depreciation, the equipment was sold for $4,000. Calculate the after tax cash flow of this transaction. Assuming Capital Gain tax rate is 20% and depreciation recapture tax rate is 35%

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