Question: A five-year project that will require $3,200,000 for new fixed assets will be depreciated straight-line to a zero book value over six years. At the

A five-year project that will require $3,200,000 for new fixed assets will be depreciated straight-line to a zero book value over six years. At the end of the project, the fixed assets can be sold for $640,000. The tax rate is 32% and the required rate of return is 13.30%. What is the amount of the aftertax salvage value?

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