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Golddex Corporation has decided to sell some old equipment to make room for a new project. The salvage value of the equipment is $300,000. The

Golddex Corporation has decided to sell some old equipment to make room for a new project. The salvage value of the equipment is $300,000. The firm would be able to recover $60,000 in working capital when the equipment is sold. Their tax rate is 21%. The old equipment has a book value of $210,000. What is the terminal cash flow?

a) $281,100

b) $131,100

c) $297,000

d) $341,100

e) $237,000

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