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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 $15,300,000 and will be sold for $3,400,000 at the end of the project. If the tax rate is 21 percent, what is the aftertax salvage value of the asset? Multiple Choice O $3,241,206 o $2,686,000 O $3,558,794 O $3,403,267 $3,079,146

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