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1. An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $15,480,000 and will be sold for $3,440,000 at the end of the project.

Required:

If the tax rate is 30 percent, what is the aftertax salvage value of the asset?

3,210,483

2,408,000

3,669,517

3,371,007

3,049,959

2. Kara took a loan of 50,000 for 3 years with end of the month payments. The principal and the interest in the 28th payment are the same. Find the principal repaid in the 14th payment.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92745109

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