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Purple Haze Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $532,415 is estimated to result

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Purple Haze Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $532,415 is estimated to result in $205,275 in annual pretax cost savings. The press falls in the MACRS five-year class, and it will have a salvage value at the end of the project of $96,289. The shop's tax rate is 34 percent. What is the after tax salvage value of this asset? (Round your final answer to the nearest dollar amount. Omit the "\$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.)

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