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Firm AAA must liquidate some equipment that is being replaced. The equipment originally cost $10 million, of which 80% has been depreciated. The used equipment

Firm AAA must liquidate some equipment that is being replaced. The equipment originally cost $10 million, of which 80% has been depreciated. The used equipment can be sold today for $4 million, and its tax rate is 40%. What is the equipment's net salvage value?

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