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National Geographic is replacing an old printing press with a new one. The old press is being sold for $350,000 and it has a net

National Geographic is replacing an old printing press with a new one. The old press is being sold for $350,000 and it has a net book value of $75,000. Assume that National Geographic is in the 30% income tax bracket.How much cash will National Geographic net from the sale? Round to the nearest penny. Do not include a dollar sign in your answer.

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