Question: You purchased a machine for $ 1.12 million three years ago and have been applyingstraight-line depreciation to zero for aseven-year life. Your tax rate is

You purchased a machine for $ 1.12 million three years ago and have been applyingstraight-line depreciation to zero for aseven-year life. Your tax rate is 38 %.

If you sell the machine today(after three years ofdepreciation) for $ 767,000.

what is your incremental cash flow from selling themachine?

Round to the answer to nearestcent

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