Question: The formula and details. Please. You work at Gap Inc. Your boss thinks it's a good idea to produce masks during the pandemic. It will

The formula and details. Please.

You work at Gap Inc. Your boss thinks it's a good idea to produce masks during the pandemic. It will be good for public health and might be good for the company if the financials make sense. To produce masks, you will need to buy a new manufacturing plant and new equipment worth $10 M. You will depreciate this machine by $5 M each year. At the end of 2 years, you will move on from producing masks and can resell this machine for $2 M. The tax rate for Gap Inc is 15% What after-tax salvage value at t= 27 (Answer in millions)

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