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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 $582701 is estimated to result

Purple Haze Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $582701 is estimated to result in $227448 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 $92250. The shop's tax rate is 31 percent. What is the OCF for year 4?

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