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Find what is the equipment after-tax salvage value

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Reference no: EM132811670

Problem 1: Tuff Glue Services is now in the final year of a project. The equipment originally cost $19 million, of which 75% has been depreciated. Tuff Glue can sell the used equipment today for $8 million, and its tax rate is 35%. What is the equipment's after-tax salvage value?

Reference no: EM132811670

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