GENERAL INSTRUCTIONS: ENTER YOUR ANSWER WITHOUT THE $ SIGN AND COMMA, BUT FORMATTED IN DOLLARS ROUNDED TO THE NEAREST DOLLAR, for instance if you compute $77,342.6478 then ENTER 77343 AS YOUR ANSWER. DO NOT ROUND IN YOUR CALCULATION STEPS (use calculator memory functions) TO AVOID ROUNDING ERRORS. There is a little bit of tolerance built into accepting/rejecting your answer, but if you round in your intermediate calculations you may be too far off.

Green Future Inc. is a manufacturer of electric vehicles. The company decided to implement a major technology upgrade of its existing facilities, and as a result replaced one of its robotic arms with a newer model. The old model was purchased 5 years ago for $1,000,000, and was just sold for $662,000. Assuming the book value of the robotic arm was $195,000 when sold, and that Green Future is facing a 15% effective tax rate, calculate the after-tax cash flow Green Future received from selling the arm.