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You purchased a car for $1.12 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate
You purchased a car for $1.12 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 20 %. If you sell the car today (after three years of depreciation) for $795, 000.00, what is your incremental cash flow from selling the car?
Your total incremental cash flow will be __
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