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Orion Corp. has just completed the fourth year of a five-year MACRS recovery period for a...

Orion Corp. has just completed the fourth year of a five-year MACRS recovery period for a piece of equipment it originally purchased for $150,000.

a. What is the book value of the equipment after 4 years?

b. If the Company sells the equipment today for $75,000 and its tax rate is 30%, what is the after-tax cash flow from selling the equipment.

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