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During the terminal cash flow phase, equipment is sold for $1,000,000. The company faces a tax rate of 30%. If the equipment was not depreciated,

During the terminal cash flow phase, equipment is sold for $1,000,000. The company faces a tax rate of 30%. If the equipment was not depreciated, what is the salvage value of the equipment?

A. $1,000,000

B. $0

C. $300,000

D. $700,000

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