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Assume that the book value of a machine at the end of the project was...

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Finance

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Assume that the book value of a machine at the end of the project was set at $16 million, but it is sold for $2 million instead. If the tax rate is 25%, then the firm will O pay additional taxes of $3.5 million O receive $1.5 million of after-tax proceeds from the sale of the machine. have $14 milion of after-tax proceeds from the sale of the machine. O pay additional taxes of $4 million. receive $5.5 million of after-tax proceeds from the sale of the machine

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