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Business, 24.07.2020 01:01 jujurae03

The equipment necessary for a 4 year project will cost $3,300,000 and can be sold for $650,000 at the end of the project. The asset is in the 5-year MACRS class. The depreciation percentage each year is 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%, respectively. The company's tax rate is 40 percent. What is the aftertax salvage value of the equipment?

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