Kennedy air services is now in the final year of a project, Ask an Expert

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Kennedy Air Services is now in the final year of a project. The equipment originally cost $21 million, of which 65% has been depreciated. Kennedy can sell the used equipment today for $5.25 million, and its tax rate is 40%.

What is the equipment's after-tax salvage value? Round your answer to the nearest cent.

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Category:- Basic Finance
Reference No.:- M9861107

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