Purple haze machine shop is considering a four-year project, Ask an Expert

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Purple Haze Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $542551 is estimated to result in $189712 in annual pretax cost savings. The machine is depreciated straight-line to zero over its five-year tax life, and it will have a salvage value at the end of the project of $156655. The shop's tax rate is 34 percent. What is the OCF (year 1)? (Round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91791460

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