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PT Telecom Inc purchased a cell phone tower for $12,000. This tower qualifies for 3-year recovery under MACRS. Use the MARCS Table provided in Lecture

image text in transcribed PT Telecom Inc purchased a cell phone tower for $12,000. This tower qualifies for 3-year recovery under MACRS. Use the MARCS Table provided in Lecture 18. The corporate tax rate is 35%. Assume that the cell phone tower is sold for $7,000 at the end of year 4 . What is the after-tax salvage value? $12,000 Correct answer is not available $4,550 $11,212 $9,550

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