Karsted Air Services is now in the final year of a project. The equipment originally cost $29 million, of which 75% has been depreciated. Karsted can sell the used equipment today for $8 million, and its tax rate is 35%. What is the equipments after-tax salvage value? The equipment is purchased at a price of $29,000,000 that is depreciated at 75%. The market value of the equipment is $8,000,000 with a tax rate of 35%. Calculate the Book value of equipment after depreciation.