Problem 13-3 Net Salvage Value

Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $17 million, of which 80% has been depreciated. The used equipment can be sold today for $5.1 million, and its tax rate is 40%. What is the equipment's after-tax net salvage value? Write out your answer completely. For example, 2 million should be entered as 2,000,000.

$ ________________