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Due to expected increases in sales, the Target Copy Company is contemplating purchasing a new printing machine costing $ 3 0 7 . To accommodate

Due to expected increases in sales, the Target Copy Company is contemplating purchasing a new printing machine costing $ 307. To accommodate the new sales, the company will need to purchase additional inventory of $ 29, part of which will be financed by an increase in accounts payable of $ 17. Target's corporate tax rate is 39 percent. What is the initial after-tax cash flow (at time t=0) for the new printing machine? Since this is a cash outlay, be sure to use the - sign when writing your answer. Do not use the $ symbol.

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