Your form is selling a 6-year old machine that has a 14-year class life. The machine originally cost $378,000 and was originally depreciated straight-line to zero salvage value using the 14-year life. Your firm is selling the asset for $133,000. 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. Set your calculator to 4 decimal places and round to a whole number at the end. For example, if your answer is 1,000 enter it as 1000. DO NOT ENTER THE DOLLAR SIGN. Nine Point Industries recently issued $91 par value preferred stock that pays an 9% dividend rate per year. If the stock is currently selling for $98, what is the expected return of this preferred stock? A consultant has recommended that you modernize a production line. Costs include $501,000 in equipment, a $44,000 investment in net working capital at the time of installation, and $47,000 in delivery and installation costs. The consultant has billed the firm for $44,500 for her analysis of the project. If the project is undertaken, an employee training program costing $47,000 would be required. The old machinery has no book value but can be sold for $10,000. Your firm's marginal tax rate is 34%. What is the initial outlay associated with the project