Nine Point Industries purchased a machine for use in the firm's manufacturing process. The original cost of the machine was $3,000,000. The machine has a class life of 10 years, but after 8 years, the firm has decided to sell the machine for $320,000. If the firm has a marginal tax rate of 21%, what is the tax effect associated with the decision

The fiscal 2016 financial statements of nike inc. shows average net operating assets (noa) of $8,450 million, average net nonoperating obligations (nno) of $(4,033) million, average total liabilities of $9,014 million, and average equity of $12,483 million. the company's 2016 financial leverage (flev) is: select one: a. (0.477) b. (0.559 c. (0.323) d. (0.447) e. there is not enough information to determine the ratio.