Question: Please Show work by hand! A Specialty Machining, Inc. bought a new multi-turret turning center for $300,000. The machine generated new revenue of $50,000 per

Please Show work by hand!

A Specialty Machining, Inc. bought a new multi-turret turning center for $300,000. The machine generated new revenue of $50,000 per year. Operating costs for the machine averaged $5,000 per year. Following IRS regulations, the machine was depreciated using the MACRS method, with a recovery period of 7 years. The center was sold for $60,000 after 5 years of service. The company uses an after-tax MARR rate of 12% and pays tax based on the rate 21%. Determine the after-tax cash flow at the end of the third year. [MACRS rates are: Year1: 14.29%, Year2: 24.49%, Year3: 17.49%,...]

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