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An asset used in a three-year project falls in the three-year MACRS class for tax purposes, The MACRS percentage rates starting with Year 1 are:

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An asset used in a three-year project falls in the three-year MACRS class for tax purposes, The MACRS percentage rates starting with Year 1 are: 33.33,44.45,14.81, and 7.41. The asset has an acquisition cost of $2.6 million and will be sold for $1.1 million at the end of the project. If the tax rate is 21 percent, what is the aftertax salvage value of the asset? Multiple Choice $742,51910 $909,458.60 $832,056,60

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