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The answer is suppose to be $3275 Please show all steps to get this answer! 12-3 Specialty Machining, Inc. bought a new multi turret A

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The answer is suppose to be $3275
Please show all steps to get this answer!
12-3 Specialty Machining, Inc. bought a new multi turret A turning center for $250,000. The machine generated new revenue of $80,000 per year. Operating costs for the machine averaged $10,000 per year. Following IRS regulations, the machine was depreciated using the MACRS method, with a recovery period of 7 years. The center was sold for $75,000 after 5 years of service. The company uses an after-tax MARR rate of 12% and is in the 35% tax bracket. Deter- mine the after-tax net present worth of this asset over the 5-year service period. Contributed by Mukasa Ssemakula, Wayne State University

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