Question 14

Your firm is selling a 2-year old machine that has a 9-year class life. The machine originally cost $278,000 and was originally depreciated straight-line to zero salvage value using the 9-year life. Your firm is selling the asset for $176,000. Your firm's marginal tax rate is 34%. What is the total cash flow, net of taxes, from selling the machine? Assume that the firm is otherwise profitable. Set your calculator to 4 decimal places and round to a whole number at the end. For example, if your answer is 1,000 enter it as 1000. DO NOT ENTER THE DOLLAR SIGN