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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 asset has an acquisition cost of

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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 asset has an acquisition cost of $18,000,000 and will be sold for $4,000,000 at the end of the project Required If the tax rate is 32 percent, what is the aftertax salvage value of the asset? $3,715,328 O$2,720,000 O $4,284,672 O $3,901,094 O $3,529,562

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