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Julio sold his corporation to a competitor, Exeter LLC, for $100,000,000. Julio incorporated his business 17...

Julio sold his corporation to a competitor, Exeter LLC, for $100,000,000. Julio incorporated his business 17 years ago by investing $500,000 plus his proprietary know-how. There have been no other corporate shareholders. Compute Julio’s after-tax cash flow from the sale, assuming he is in the 35% tax bracket and has no other property sales during the year?

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