What is your incremental cash flow from selling the machine

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Reference no: EM131074658

You purchased a machine for $1.1 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 38%. If you sell the machine today (after three years of depreciation) for $700,000, what is your incremental cash flow from selling the machine?

Reference no: EM131074658

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