bdjohn7396 bdjohn7396
  • 24-05-2023
  • Business
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Firm X is considering the replacement of an old machine with one that has a purchase price of $75,000. The current market value of the old machine is $22,000 but the book value is $37,000. The firm's tax rate for ordinary income is 27%. What is the net cash outflow for the new machine after considering the sale of the old machine?

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