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Someone has decided to sell some old equipment to make room for a new project. The salvage value of the equipment is $200,000. The firm

Someone has decided to sell some old equipment to make room for a new project. The salvage value of the equipment is $200,000. The firm would be able to recover $40,000 in working capital when the equipment is sold. Their tax rate is 21%. The old equipment has a book value of $140,000. What is the terminal cash flow?

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