The converted file is stored in the library along with the previous file you added to the database to convert. You can get to the directory quickly by hitting "o" when the book is selected in Calibre to open the containing folder.
However, the proper way to put that file on your device is not to copy that file directly. Instead, you should "send to device" when your device is attached via USB. Alternatively, you can "Save to Disk" to save a copy of the library file to another location, and copy THAT file to your device.
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