How much money will the firm net from the sale

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Reference no: EM131513265

An electronic pumping system purchased for $429,700 at the beginning of a seven year investment project is depreciated straight line for the life of the project to a book value of zero. If the machine can be sold at the end of the sixth year for $121,500, how much money will the firm net from the sale (including any savings from any tax loss)? The firm’s marginal tax rate is 34%.

Reference no: EM131513265

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