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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 will be sold for $1, 300, 000 at the end of the project. If the tax rate is 35 percent, what is the aftertax salvage value of the asset?

(Enter your answer in dollars, not millions of dollars, i.e. 1, 234, 567.)

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Financial Management, Finance

Category:- Financial Management
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