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Miles Cyprus Corp. purchased a truck that currently has a book value of $1,000. If the firm sells the truck for $5,000 today then what

Miles Cyprus Corp. purchased a truck that currently has a book value of $1,000. If the firm sells the truck for $5,000 today then what is the amount of cash that it will net after taxes if the firm is subject to a 40 percent marginal tax rate?

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