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A mixer was purchased two years ago for $ 1 1 1 2 4 9 and can be sold for $ 1 2 5 7

A mixer was purchased two years ago for $

111249

and can be sold for $

125700

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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