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Corning purchases a new machine in year 0 to produce square Corningware. The machine costs $ 4 , 0 0 0 . At the end
Corning purchases a new machine in year to produce square Corningware. The machine costs $ At the end of year the machines are in short supply and Corning sells the machine for $ Corning realizes a capital gain on the sale and must pay capital gains taxes. What are the cash flows from the sale of the Corningware machine?The value of the machine is year is $ Assume that the useful life of the machine is years, that Corning applies straightline depreciation, and that the corporate tax rate is A $B $ C $ D $E $
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