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Quip Corporation wants to purchase a new machine for $306,000. Management predicts that the machine will...

Quip Corporation wants to purchase a new machine for $306,000. Management predicts that the machine will produce sales of $203,000 each year for the next 8 years. Expenses are expected to include direct materials, direct labor, and factory overhead (excluding depreciation) totaling $76,000 per year. The firm uses straight-line depreciation with an assumed residual (salvage) value of $50,000. Quip's combined income tax rate, t, is 30%. What is the net after-tax cash inflow in Year 1 from the proposed investment, rounded to the nearest whole dollar?

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