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A project has to sell a machine that is obsolete. The market department finds a buyer who is willing to pay $ 1 0 0
A project has to sell a machine that is obsolete. The market department finds a buyer who is willing to pay $ for the machine. The machine was purchased years ago for $ million. The accounting department notes that the depreciation method for this machine is straight line, and the machine will be depreciated to zero over a fiveyear time period after purchase. What is the machine's aftertax salvage value? Tax rate is
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