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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 $529,000. Assuming the book value of the robotic arm was $281,000 when sold, and that Green Future is facing a 39% effective tax rate, calculate the after-tax cash flow Green Future received from selling the arm.

Answer rating: 100% (QA)

Current Book value of the Robotic arm 281000 Sale price of ... View the full answer