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Suppose you sell a fixed asset for $118,000 when it's book value is $141,000. If your company's marginal tax rate is 28%, what will be
Suppose you sell a fixed asset for $118,000 when it's book value is $141,000. If your company's marginal tax rate is 28%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)?
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$141,000
$23,000
$124,440
$16,560
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