Five years ago, A company invested $53,828 in machinery
January 2nd, 2018
Five years ago, A company invested $53,828 in machinery. The investment in net working capital was $7,704 which would be recovered at the end of the project. Today, the company is selling the machinery for $17,364. The book value of the machinery is $21,537. The tax rate is 39%. What are the terminal cash flows in year 5? (Round answer to two decimal points)