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Stone Corporation recently sold a used machine for $40,000

Finance

Stone Corporation recently sold a used machine for $40,000. The machine had a book value of $60,000 at the time of the sale. What is the after-tax cash flow from the sale, assuming the company's marginal tax rate is 20 percent?

      1. $40,000
      2. $60,000
      3. $44,000
      4. $32,000

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