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D Question 14 At the start of a project, a firm used straight-line depreciation method...

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D Question 14 At the start of a project, a firm used straight-line depreciation method and set a book value of $14 million at the end of the project for the machine. However, at the end of the project the machine is sold for $22 million instead. If the marginal tax rate is 35%, then the firm will O have $8.00 million in after-tax proceeds from the sale of the machine. receive 57.70 million from the IRS, since the taxes were overpaid. O have $19.20 million in after-tax proceeds from the sale of the machine. O pay additional taxes of $4.90 million, since the taxes were underpaid. O pay additional taxes of $7.70 million, since the taxes were underpaid

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