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Intro 8 years ago, a new machine cost $8 million to purchase and an additional $490,000 for the installation. The machine was to be linearly

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Intro 8 years ago, a new machine cost $8 million to purchase and an additional $490,000 for the installation. The machine was to be linearly depreciated to zero over 15 years. The company has just sold the machine for $4.8 million, and its marginal tax rate is 25%. Part 1 Attempt 1/5 for 10 pts. What is the annual depreciation? No decimals Submit IB Attempt 1/5 for 10 pts. Part 2 What is the current book value? No decimals Submit IB Attempt 1/5 for 10 pts. Part 3 What is the net salvage value? No decimals Submit

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