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Acefacto Inc., has asked for you to calculate the after-tax salvage value of an asset it plans on using in a construction project. The project

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Acefacto Inc., has asked for you to calculate the after-tax salvage value of an asset it plans on using in a construction project. The project will be depreciated straight line to a value of \\( \\$ 670,000 \\) at the end of the project's and assets ten year life. Ace's marginal tax rate is \32. The firm will have to pay \\( \\$ 8,047,675 \\) to buy the asset. You have estimated that they could sell the asset for \\( \\$ 787,309 \\) to a Brazilian firm at the end of the project. Answer in dollars and cents

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