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Six years ago, ABC Company invested $50,353 in a new machinery. The investment in net working capital was $6,107 which would be recovered at the
Six years ago, ABC Company invested $50,353 in a new machinery. The investment in net working capital was $6,107 which would be recovered at the end of the project. Today, ABC Company is selling the machinery for $16,955. Today, the book value of the machinery is $23,124. The tax rate is 29 percent. What are the terminal cash flows in Year 6?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.
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