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Samantha Adams, Inc., a beverage company, bought a machine that processes wheat at a cost of $3.00 million five years ago. The machine has been
Samantha Adams, Inc., a beverage company, bought a machine that processes wheat at a cost of $3.00 million five years ago. The machine has been depreciated over the past five years, and the current book value is $968,058.00. The company decides to sell the machine now at its market price of $1.62 million. The marginal tax rate is 34.00 percent. What is the cash flow from selling the machine?
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