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explain please. 11. The Target Copy Company is contemplating the replacement of its old printing machine with a new model costing S60,000. The old machine,
explain please.
11. The Target Copy Company is contemplating the replacement of its old printing machine with a new model costing S60,000. The old machine, which originally cost $40,000, has 6 years of expected life remaining and a current book value of S30,000 versus a current market valuc of $24,000. Target's corporate tax rate is 40 percent. If Target sells the old machine at market value, what is the initial after-tax outlay for the new printing machine? (3 points) a -$22,180 b. -S30,000 c. -$33,600 d. -S36,000 e. -$40,000Step by Step Solution
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