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What is the aftertax salvage value of the asset

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Reference no: EM133028321

Question - An asset used in a 4-year project falls in the 5-year MACRS class for tax purposes. The asset has an acquisition cost of $8,000,000 and will be sold for $1,720,000 at the end of the project. If the tax rate is 24 percent, what is the aftertax salvage value of the asset?

Reference no: EM133028321

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