pts Initech is going to sell equipment for $600,000. The equipment originally cost $4,000,000 and has $3,600,000 in accumulated depreciation. The tax rate is 21%. How much will Initech receive after taxes from the sale of the equipment? Initech is going to buy a machine for $800,000. They will also have to pay $11,975 for installation and $4,025 to have the machine delivered. The machine is expected to last for 20 years, and have no salvage value. Initech will use straight-line depreciation. If the tax rate is 21%, what will be Initech's annual tax savings from depreciation