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You have bought an equipment for a project at a cost of $6 million dollars. The equipment will be depreciated on a straight-line basis over

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You have bought an equipment for a project at a cost of $6 million dollars. The equipment will be depreciated on a straight-line basis over 5 years, Based on past information, you believe that you can sell the equipment for $1 million when you are done with it in 5 years. The company's tax rate is 30%. What is the after-tax salvage value of the equipment in year 5 ? a. \$1.2 million b. $1.8 million c. $0.3 million d. 50.7 million

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