What is the aftertax salvage value of the asset

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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 $19,080,000 and will be sold for $4,240,000 at the end of the project.

Required:
If the tax rate is 33 percent, what is the aftertax salvage value of the asset?

Reference no: EM13262196

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