What is the equipment after-tax salvage value

Reference no: EM13273194

Kennedy Air Services is now in the final year of a project. The equipment originally cost $15 million, of which 70% has been depreciated. Kennedy can sell the used equipment today for $3.75 million, and its tax rate is 35%. What is the equipment's after-tax salvage value? Round your answer to the nearest cent.

Reference no: EM13273194

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