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Your firm purchased machinery for $ 9 . 7 million and received immediate 1 0 0 % bonus depreciation. The project will end after 5

Your firm purchased machinery for $9.7 million and received immediate 100% bonus depreciation. The project will end after 5 years. If the equipment can be sold for $4.2 million at the completion of the project, and your firms tax rate is 21%, what is the after-tax cash flow from the sale of the machinery?

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