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Your firm is analyzing a machine that will cost $22,000 and be fully depreciated after seven years of service at which time it will be

Your firm is analyzing a machine that will cost $22,000 and be fully depreciated after seven years of service at which time it will be sold. The salvage value of the machine is expected to be $8,000 at that time. What is the after-tax salvage value of the machine? Assume a corporate tax rate of 40%.

A.
$7,200

B.
$4,800

C.
$8,800

D.
$1,200

E.
-$2,800

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