Question: Big Air Services is now in the final year of a project. The equipment originally cost $20 million, of which 75% has been depreciated. Big

Big Air Services is now in the final year of a project. The equipment originally cost $20 million, of which 75% has been depreciated. Big Air can sell the used equipment today for $6 million, and its tax rate is 40%. What is the equipment’s after-tax net salvage value?

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