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(11-3) Net Salvage Value Allen Air Lines is now in the terminal year of a project. The equipment originally cost $20 million, of which 80%

(11-3) Net Salvage Value Allen Air Lines is now in the terminal year of a project. The equipment originally cost $20 million, of which 80% has been depreciated. Carter can sell the used equipment today to another airline for $5 million, and its tax rate is 40%. What is the equipments after-tax net salvage value

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