What is the after tax salvage value of the asset

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Reference no: EM13972428

An asset used in a four-year project falls in the 5 year MACRS class for tax purposes.

The asset has an acquisition cost of $6,500,000 and will be sold for $1,600,000 at the end of the project.

If the tax rate is 35% what is the after tax salvage value of the asset?

Reference no: EM13972428

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