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Karsted Air Services is now in the final year of a project. The AFTER-TAX SALVAGE VALUE equipment originally cost $29 million, of which 75% has

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Karsted Air Services is now in the final year of a project. The AFTER-TAX SALVAGE VALUE 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 equipment's after-tax salvage value? 12-3

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