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Business, 22.02.2020 00:16 TheAndroid

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 $9,400,000 and will be sold for $2,840,000 at the end of the project. If the tax rate is 23 percent, what is the aftertax salvage value of the asset?

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