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A company purchases equipment for $30 million. The company plans to use the equipment for 4 years, then sell the equipment on the secondary market.
A company purchases equipment for $30 million. The company plans to use the equipment for 4 years, then sell the equipment on the secondary market. Assume that in 4 years, the company: Can sell the equipment for $13.5 million Has a corporate tax rate of 34% . . What is the equipment's after-tax salvage value (in 4 years)? Enter your answer as a number no decimal places and with no dollar signs or commas. Enter your answer as a full value (not in millions)
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