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Equipment costs $9 million. The equipment will be depreciated straight-line over 5-year to a value of zero, but it will be sold after 4 years

Equipment costs $9 million. The equipment will be depreciated straight-line over 5-year to a value of zero, but it will be sold after 4 years for $3,000,000. The firms tax rate is 40%.

What is the after-tax cash flow from the sale of the equipment?

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