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An asset used in a 4 - year project falls in the 5 - year MACRS class ( MACRS Table ) for tax purposes. The

An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $16,380,000 and will be sold for $3,640,000 at the end of the project.If the tax rate is 21 percent, what is the aftertax salvage value of the asset?

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