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8 years ago, a new machine cost $6,000,000 to purchase and an additional $530,000 for the installation. The machine was to be linearly depreciated to

8 years ago, a new machine cost $6,000,000 to purchase and an additional $530,000 for the installation. The machine was to be linearly depreciated to zero over 25 years. The company has just sold the machine for $3,600,000, and its marginal tax rate is 25%.

What is the after-tax salvage value?

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