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You purchase equipment for $446,403. This cost will be depreciated straight-line to zero over the project's 7-year life. Based on past information, you believe that
You purchase equipment for $446,403. This cost will be depreciated straight-line to zero over the project's 7-year life. Based on past information, you believe that you can sell the equipment for $16,642 when you are done with it in 7 years. The company's marginal tax rate is 21%. Calculate the after-tax salvage value. Round your answer to 2 decimal places (e.g. 125.74632 = 125.75)
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