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(After-tax salvage value) An asset used in a two-year project falls in the three-year MACRS class for tax purpose: 0.3333, 0.4444, 0.1482, 0.0741. The asset
(After-tax salvage value) An asset used in a two-year project falls in the three-year MACRS class for tax purpose: 0.3333, 0.4444, 0.1482, 0.0741. The asset has an acquisition cost of $30,000,000 and will be sold for $18,000,000 at the end of the project. If the tax rate is 21%, the after-tax salvage value of the asset is $________________
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