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An asset used in a four-year projet falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $5.7 million

An asset used in a four-year projet falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $5.7 million and will be sold for $1.8 million at the end of the project. If the tax rate is 21%, what is the after-tax salvage value of the asset?

Book Value:

Aftertax cash flow:

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