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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 $8,103,708 to buy the asset. You have estimated that they could sell the asset for $961,797 to a Brazilian firm at the end of the project. Answer in dollars and cents

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