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An asset used in a 4 - year project falls in the 5 - year MACRS class, for tax purposes. The asset has an acquisition

An asset used in a 4-year project falls in the 5-year MACRS class, for tax purposes. The asset has an acquisition cost of $18,983,985 and will be sold for $7,739,110 at the end of the project. If the tax rate is 0.32, what is the aftertax salvage value of the asset (SVNOT)?

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