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Your company bought a machine for $50,000 three years ago. The machine falls into the 7-year MACRS category and could be sold today for $30,000.

Your company bought a machine for $50,000 three years ago. The machine falls into the 7-year MACRS category and could be sold today for $30,000. A replacement machine could be bought and installed for $75,000. Your marginal tax rate is 34%.

1. What are the after-tax proceeds from the sale of the old machine?

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