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Business, 05.12.2019 18:31 victoriavacodos

The target copy company is contemplating the replacement of its old printing machine with a new model costing $ 7 0,000. the old machine, which originally cost $40,000, has 6 years of expected life remaining and a current book value of $ 26 ,000 versus a current market value of $ 19 ,000. target's corporate tax rate is 40 percent. if target sells the old machine at market value, what is the initial after-tax outlay for the new printing machine? cash outflow must be a negative number! round it a whole dollar and do not include the $ sign.

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