What is aftertax salvage value of the asset

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Reference no: EM131081544

An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $14,400,000 and will be sold for $3,200,000 at the end of the project.

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If the tax rate is 30 percent, what is the aftertax salvage value of the asset?

Reference no: EM131081544

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