Question: 2. A five year project involves equipment costing $2,910,000 that will be depreciated using the seven-year MACRS schedule. If the estimated pre-tax salvage value for

2. A five year project involves equipment costing $2,910,000 that will

2. A five year project involves equipment costing $2,910,000 that will be depreciated using the seven-year MACRS schedule. If the estimated pre-tax salvage value for the equipment at the end of the project's life is $494,700, what is the after-tax salvage value for the equipment? Assume a marginal tax rate of 34 percent

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