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Mike2 Too just purchased a welding machine for $66,286 (including installation) that's being depreciated to a terminal value of zero using 5 years MACRS with
Mike2 Too just purchased a welding machine for $66,286 (including installation) that's being depreciated to a terminal value of zero using 5 years MACRS with a half-year convention (i.e., with annual depreciation rates of 20%, 32%, 19.2%, 11.52%, 11.52%, and 5.76%). Mike2 Too expects to sell the welder after 4 years for $17,953. Mike2Too's tax rate is 24%. Determine the after-tax cash flow from selling the welder
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