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Pendant Publishing is buying a new printing press. The machine's depreciable basis is $250,000, and it will be depreciated using the MACRS 3 -year rates

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Pendant Publishing is buying a new printing press. The machine's depreciable basis is $250,000, and it will be depreciated using the MACRS 3 -year rates (33%,45%,15%, and 7%). The firm is interested in salvage value cash flows if it sells the machine before its usable life is done. The salvage value after 1 year is $150,000, and it will decrease by $40,000 each year thereafter. If the firm has a tax rate of 30%, what would the salvage value cash flow be if ht sells the machine after 3 years of use

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