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PLEASE USE EXCEL TO SOLVE THE FOLLOWING QUESTION AND SHOW ALL WORK. THE CORRECT ANSWER IS IN THE BOX. THANK YOU! You purchased a machine
PLEASE USE EXCEL TO SOLVE THE FOLLOWING QUESTION AND SHOW ALL WORK. THE CORRECT ANSWER IS IN THE BOX. THANK YOU!
You purchased a machine for $1.04 million four years ago and have been applying straight-line depreciation to zero for its ten-year life. Your tax rate is 21%. If you sell the machine today (after four years of depreciation) for $810,000, what is your incremental, after-tax cash flow from selling the machine? Your total incremental cash flow will be $ (Round to the nearest cent.)
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