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ABC Inc. bought a new machine for $6 million and spent an additional $516,125 for the installation 8 years ago. The machine was to be

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ABC Inc. bought a new machine for $6 million and spent an additional $516,125 for the installation 8 years ago. The machine was to be linearly depreciated (straight-line depreciation) to zero over 30 years. The company has just sold the machine for $5.3 million, and its marginal tax rate is 24.75%. What is the after-tax cash flow from salvage value? Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72

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