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What is the after-tax cash flow from the asset sale

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Problem 1: Juicy Everyday Corp. purchased a $2 million bottling machine 5 years ago. It paid another $60,000 to transport and install it. The machine was depreciated via straight-line method over its eight year life, and assumed no salvage value. Juicy Everyday wants to sell this out-of-date machine now at the market price of $600,000. The tax rate is 35%. What is the after-tax cash flow from the asset sale?

Reference no: EM132763148

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