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3. Problem 12.03 (After-Tax Salvage Value) EiB eBook Karsted Air Services is now in the final year of a project. The equipment originally cost $34

3. Problem 12.03 (After-Tax Salvage Value) EiB eBook Karsted Air Services is now in the final year of a project. The equipment originally cost $34 million, of which 100% has been depreciated. Karsted can sell the used equipment today for $6 million, and its tax rate is 30%. What is the equipment's after-tax salvage value? Write out your answer completely. For example, 13 million should be entered as 13,000,000. Round your answer to the nearest dollar. $

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