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An asset used in a four year project falls

28/04/2021 Client: muhammad11 Deadline: 2 Day

An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $5,100,000 and will be sold for $1,600,000 at the end of the project. If the tax rate is 21 percent, what is the after tax salvage value of the asset?

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