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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 $15,120,000 and will be sold for $3,360,000 at the end of the project. Required: If the tax rate is 33 percent, what is the aftertax salvage value of the asset? rev: 09_18_2012 $3,113,403 $2,251,200 $3,606,597 $3,269,073 $2,957,733

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