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Your firm is selling a 3-year old machine that has a 5-year class life. The machine originally cost $580,000 and was originally depreciated straight-line to
Your firm is selling a 3-year old machine that has a 5-year class life. The machine originally cost $580,000 and was originally depreciated straight-line to zero salvage value using the 5-year life. Your firm is selling the asset for $180,000. Your firm's marginal tax rate is 34%. What is the total cash flow, net of taxes, from selling the machine? Assume that the firm is otherwise profitable. I keep calculating 158,240, but that's wrong
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