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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 $17,280,000 and will be sold for $3,840,000 at the end of the project. If the tax rate is 22 percent, what is the aftertax salvage value of the asset? Multiple Choice $3,652,116 $2.995.200 $4,027,884 $3,834,722

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