What is the equipments after-tax salvage, Financial Management

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What is the equipments after-tax salvage

Karsted Air Services is now in the final year of a project. The equipment originally cost $27 million, of which 80% has been depreciated. Karsted can sell the used equipment today for $6.75 million, and its tax rate is 35%. What is the equipment's after-tax salvage value?

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Financial Management: What is the equipments after-tax salvage

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