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Shang-Chi Inc. just sold a fixed asset for $226,000 when its book value is $352,000. If Shang- Chi's corporate marginal tax rate is 41 percent,

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Shang-Chi Inc. just sold a fixed asset for $226,000 when its book value is $352,000. If Shang- Chi's corporate marginal tax rate is 41 percent, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow for this sale)? $218,970 $251,170 $289860 O $277,660 $269.280

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