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An asset used in a 4-year project falls in the 5 -year MACRS class (refer to MACRS table on page 289), for tax purposes. The
An asset used in a 4-year project falls in the 5 -year MACRS class (refer to MACRS table on page 289), for tax purposes. The asset has an acquisition cost of $24,713,745 and will be sold for $4,909,081 at the end of the project. If the tax rate is 0.35 , what is the aftertax salvage value of the asset
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