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Calculating Salvage Value [SO LO1] An asset used in a fouryear project fills in the fiveyear MACRS class for tax purposes. The asset has an

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Calculating Salvage Value [SO LO1] An asset used in a fouryear project fills in the fiveyear 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 percent, what is the aftertax salvage value of the asset

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