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Problem 3. Use the following MACRS Table and the following information: Revenue of the year is $ 140,000. All other business expenses $80,000 can be

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Problem 3. Use the following MACRS Table and the following information: Revenue of the year is $ 140,000. All other business expenses $80,000 can be written-off in the same year. Business Debt interest paid is $11,000. The ordinary income tax marginal tax rate is 35% and capital gain tax rate is 20%. In addition, a 7-year equipment has been depreciated for 4 years (This year is the 4th year of the depreciation) and is sold for $17,000 at the end of this year. This equipment was purchased at an original cost of $52,000. Calculate the After Tax Cash Flow including cash from the business operation and after tax cash received from selling the machine

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