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Liberty Services is now at the end of the final year of a project. The equipment originally cost $12,027, of which 78% has been depreciated.

Liberty Services is now at the end of the final year of a project. The equipment originally cost $12,027, of which 78% has been depreciated. The firm can sell the used equipment today for $6,677, and its tax rate is 40%. What is the equipments after-tax salvage value for use in a capital budgeting analysis?

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