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Listen ( Estimated time allowance: 7 minutes ) Fresa Corp. is buying a piece of equipment. The equipment costs $ 3 , 0 0 0

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(Estimated time allowance: 7 minutes) Fresa Corp. is buying a piece of equipment. The equipment costs $3,000,000. The equipment is considered for tax purposes as a 5-year MACRS class. If the equipment is sold at the end of 3 years for $200,000, what is termination value of the equipment (the after-tax cash flow from the sale of this asset)? The marginal tax rate is 20 percent. The Annual expense percentage for a 5-year MACRS property from year 1 to 6 respectively are: 20.00%;32.00%;19.20%;11.52%;11.52 : and 5.76%. Round to the closest $1; Do not use $ sign, DO NOT use commas. For example, if you obtained $1,240.75 then enter 1240
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