The Courage Brewery has just purchased an asset they intend to use in their business. The machine has a cost of $20m and they intend to depreciate this for 10 years straight line. The taxation office has determined that this be depreciated over 20 years straight line.

The project they are undertaking will last 15 years and the asset will be sold at that time for $2m.

Calculate the after-tax salvage CF in Year 15? Assume a 30% tax rate.