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An asset used in a 4 - year project has a life of 5 years. The asset was purchased for $ 1 0 , 0

An asset used in a 4-year project has a life of 5 years. The asset was purchased for $10,000,000 and is depreciated using a straight-line depreciation schedule such that its book value at the end of year 5 is 0. If the asset is sold at the end of the project for $2,500,000, what is the after-tax salvage value of the asset if the tax rate is 25%?

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