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Garfield Airlines is now in the final year of a project. The equipment originally cost $30 million, of which 100 percent has been depreciated. Garfield

Garfield Airlines is now in the final year of a project. The equipment originally cost $30 million, of which 100 percent has been depreciated. Garfield can sell the used equipment today for $1.7 million, and its tax rate is 20 percent. What is the equipments after-tax net salvage value? a. $7,360,000 b. $850,000 c. $340,000 d. $2,040,000 e. $1,360,000

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