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An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $6,558,024.00 and

An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $6,558,024.00 and will be sold for $1,533,964.00 at the end of the project (End of the 4th year). If the tax rate is 34.00%, what is the after-tax salvage value of the asset?

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