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Bloody Mary Tomato Farms purchased a machine for $1.05 million exactly 3 years ago and has been depreciating the asset on a straight line basis

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Bloody Mary Tomato Farms purchased a machine for $1.05 million exactly 3 years ago and has been depreciating the asset on a straight line basis toward a final book value of zero dollars at the end of the machine's 8-year tax life. Bloody Mary is considering selling this machine now after 3 years of ownership. The applicable marginal tax rate for this transaction would be 33.0%. Assume that Bloody Mary is a successful business that pays many tens of millions in corporate taxes each year. a) If Bloody Mary sells the machine right now for $590, 000, what will be their incremental cash flow from the sale? Bloody Mary Tomato Farms would receive an after-tax salvage value (i.e. ATSV) of $ from the sale of the machine. (Round your answer to the nearest cent)

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