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Stock Tek just purchased an important machine for $74,000. In three years it will sell this machine for $31,500. The property is in the 5
Stock Tek just purchased an important machine for $74,000. In three years it will sell this machine for $31,500. The property is in the 5 years MACRS class, so the depreciation percentages are as follows, starting with Year 1: 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76% percent. If the tax rate is 21% What is the after-tax cash flow from this year 3 sale? (NOTE: Round your answer to the nearest cent)
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