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A company buys an asset for $10mm and depreciates it using the MACRS 5-year schedule below. If the asset is sold for after three years

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A company buys an asset for $10mm and depreciates it using the MACRS 5-year schedule below. If the asset is sold for after three years for $3.4mm and the tax rate is 21%, then what is the after-tax salvage value? Year 1 3 4 5 6 MACRS 20 32 19.2 11.52 5.76 2 96 11.52 $2,686,000 O $4,181,200 $4,382,800 $3,290,800 . $3,089,200

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