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New-Lamps-for-Old, Inc. sells some old lamps for $120,000. The lamps were purchased several years ago for $200,000 and have a book value of $50,000. The

New-Lamps-for-Old, Inc. sells some old lamps for $120,000. The lamps were purchased several years ago for $200,000 and have a book value of $50,000. The corporate tax rate is 21%. How much if any will New-Lamps pay in capital gains tax on the sale?

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