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Question 11-3: Allen Air Lines must liquidate some equipment that is being replaced.The equipment originally cost $12 million, of which 75% has been depreciated. The

Question 11-3: Allen Air Lines must liquidate some equipment that is being replaced.The equipment originally cost $12 million, of which 75% has been depreciated. The used equipment can be sold today for $4 million, and its tax rate is 40%.What is the equipment's after-tax net salvage value?

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