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Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $12 million, of which 75% has been depreciated. The used

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Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $12 million, of which 75% has been depreciated. The used equipment can be sold today for $5 million, and its tax rate is 40%. What is the equipment's after-tax net salvage value? For the toolbar, press ALT +F10(PC) or ALT+FN+F10 (Mac)

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