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A mixer was purchased two years ago for $ 4 6 6 6 0 and can be sold for $ 1 7 3 5 8

A mixer was purchased two years ago for $46660 and can be sold for $173585 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 after tax proceeds. Note: use one decimal place. Insert numbers only. Refer to the MACRS table in the slides.

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