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Your company purchased fixed assets worth $ 7 5 0 , 0 0 0 . The company depreciates these assets to a value of $

Your company purchased fixed assets worth $750,000. The company depreciates these assets to a value of $50,000 over 7 years. After 7 years, the assets are sold for $40,000. The tax rate for the company is 4%. What is the after-tax salvage value of the fixed assets?

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