Assume that famous danish is in the 34 income tax bracket, Financial Management

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Assume that famous danish is in the 34 income tax bracket

Famous Danish Corp. is replacing an old cookie cutter with a new one. The cookie cutter is being sold for $25,000 and it has a net book value of $75,000. Assume that Famous Danish is in the 34% income tax bracket. How much net cash will Famous Danish receive from the sale? (Round to the nearest dollar.)

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Financial Management: Assume that famous danish is in the 34 income tax bracket

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