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( Points: 1 ) Suppose that first cost of an asset is $ 1 million, the depreciation rate is 1 0 % , service life

(Points: 1) Suppose that first cost of an asset is $1 million, the depreciation rate is 10%, service life is 10 years, the tax rate is 35%, the CCA rate is 30% and the after-tax interest rate is 15%. In this case, the present worth of the salvage value with tax effects incorporated is
a. $0.268 million
b. $0.066 million
c. $0.005 million
d. $0.020 million
e. $0.153 million
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