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A mixer was purchased two years ago for $ 1 1 3 6 7 0 and can be sold for $ 1 6 2 6

A mixer was purchased two years ago for $

113670

and can be sold for $

162695

today. The mixer has been depreciated using the MACRS

5 -

year recovery period, and the firm pays

40

percent taxes on both ordinary income and capital gain. Find the total gain from this transaction.

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