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four years ago progressive products purchased a machine for 25,000. the machine's current book value is 6000. later today, progressive plans to sell the machine

four years ago progressive products purchased a machine for 25,000. the machine's current book value is 6000. later today, progressive plans to sell the machine for 4000. the company's marginal tax rate is 35 percent. (a) compute the tax effect of selling the machine and (b) the net cash flow that will be generated from selling the machine.

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