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Assume an equipment costs $960,000 and depreciated to zero on a straight-line method over its 8-year tax life. If the equipment can be sold for

Assume an equipment costs $960,000 and depreciated to zero on a straight-line method over its 8-year tax life. If the equipment can be sold for $148,500 at the end of a five-year project, what is the after-tax salvage value (net salvage value) of the equipment?

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