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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
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 $18,720,000 and will be sold for $4160,000 at the end of the project. Required: If the tax rate is 34 percent, what is the aftertax salvage value of the asset? O $3,845,437 O $2,745,600 O $4,474,563 O $4,037,709 O $3,653,166
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