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Karsted Air Services is now in the final year of a project. The equipment originally cost $25 million, of which 100% has been depreciated. Karsted

Karsted Air Services is now in the final year of a project. The equipment originally cost $25 million, of which 100% has been depreciated. Karsted can sell the used equipment today for $22 million, and its tax rate is 25%. What is the equipment's after-tax salvage value?

$16.5 million

$5.5 million

$21.25 million

$11 million

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