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Southwest Airines just bought a new jet for $24,000,000. The jet falls into the 7 year MACRS category, with the following depreciation rates (haif-year convention)

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Southwest Airines just bought a new jet for $24,000,000. The jet falls into the 7 year MACRS category, with the following depreciation rates (haif-year convention) The jet can be sold for $19,200,000 after 5 years. The company has a marginal tax rate of 34% Part 1 E Attempt 1/5 for 10 pts What is the book value at the end of year 5 ? Part 2 - 1 Attempt 1/5 for 10 pts. What is the after-tax salvage value at the end of year 5

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