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lomework Ch 13 - Capital budgeting cash flows Questions Problem 13-03 (Net Salvage Value) 8. Check My Work ( 3 remaining) Net Salvage Value Allen

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lomework Ch 13 - Capital budgeting cash flows Questions Problem 13-03 (Net Salvage Value) 8. Check My Work ( 3 remaining) Net Salvage Value Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $10.2million, of Which 80% has been depreciated. The used equipment can be sold today for $3.4 miltion, and its tax rate is 35%. What is the equipmert's after-tax net salvage value? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar. $

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