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

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Crosson 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?

$40,000
$60,000
$44,000
$32,000

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