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Skythia Air is selling one it its old model jet planes. The plane was bought six years ago for $ 5 0 0 , 0

Skythia Air is selling one it its old model jet planes. The plane was bought six years ago
for $500,000 and would be depreciated straight-line to zero over its twenty-year life. The
management thinks that the firm can sell the plane for $420,000. If Skythia Airs marginal
tax rate is 35%, what is the after-tax cash flow from the sale of this plane?

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