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You purchased a machine for $1.16 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate

You purchased a machine for $1.16 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 40%. If you sell the machine today (after three years of depreciation) for $705,000, what is your incremental cash flow from selling the machine? Question content area bottom Part 1 Your total incremental cash flow will be? (Round to the nearest cent.)

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