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Calculate the initial investment

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Question - MKF Corporation purchased new machinery for a list price of $100,000. The company paid sales tax of $2,300 and delivery and installation charges of $3,800 to get the new machine up and running. MKF sold its old machine, which had a book value of $1,000 for $3,000 cash. MKF is subject to a 25% tax rate. Calculate the initial investment.

Reference no: EM133048907

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