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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 $16,380,000 and will be sold for $3,640,000 at the end of the project. Required: If the tax rate is 30 percent, what is the aftertax salvage value of the asset? $3,397,139 O $2,548,000 O $3,882,861 O $3,566,996 $3,227,282

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