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Firm X is considering the replacement of an old machine with one that has a purchase price of $ 7 0 , 0 0 0
Firm X is considering the replacement of an old machine with one that has a purchase price of $ The current market value of the old machine is $ but the book value is $ The firm's combined tax rate is What is the net cash outflow for the new machine after considering the sale of the old machine? Disregard the effect of depreciation of the new machine if acquired.
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