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An old machine that was purchased 7 years ago for $780,000 and now has a market value of $380,000 is being replaced. The old machine
An old machine that was purchased 7 years ago for $780,000 and now has a market value of $380,000 is being replaced. The old machine was being depreciated straight line over a 12-year life. The new machine will cost $1.4 million and the firm's tax rate is 34%. Calculate the initial outlay on the new machine.
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