What is the amount of cash

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Reference no: EM132031351

Grit’s Inc. (GRIT) purchased an automated grit machine that currently has a book value of $15,000.

If the firm sells the machine for $10,000 today, what is the amount of cash that it will net after taxes if the firms is subject to a 30% marginal tax rate?

Reference no: EM132031351

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