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Dixie Chicken is about to close one of its fast food franchises. As part of the closing, the firm will sell a refrigeration unit and
Dixie Chicken is about to close one of its fast food franchises. As part of the closing, the firm will sell a refrigeration unit and its cooking units. The book value of the refrigeration unit is currently $19,672.00, while the book value of the cooking unit is $2,729.00. A buyer has offered $9,952.00 for the refrigerator and $5,203.00 for the cooking unit. The tax rate facing the firm is 36.00%. What is the cash flow from selling these assets?
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