You purchased a machine for $1.03million three years ago and have been applying​ straight-line depreciation to zero for a​ seven-year life. Your tax rate is 25%. If you sell the machine today​ (after three years of​ depreciation) for $733,000​, what is your incremental cash flow from selling the​ machine? Your total incremental cash flow will be ​$________.​(Round to the nearest​ cent.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You purchased a machine for $1.03million three years ago and have been applying​ straight-line depreciation to zero for a​ seven-year life. Your tax rate is 25%. If you sell the machine today​ (after three years of​ depreciation) for
$733,000​, what is your incremental cash flow from selling the​ machine?
Your total incremental cash flow will be ​$________.​(Round to the nearest​ cent.)
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