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Machinery purchased for $5 million will be straight-line depreciated to $1 million over 8 years. If the machinery is sold after 6 years for $1.5

Machinery purchased for $5 million will be straight-line depreciated to $1 million over 8 years. If the machinery is sold after 6 years for $1.5 million, then what is the after-tax salvage value? The corporate tax rate is 35%.

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