Question: A six year project involves equipment costing $3,460,000 that will be depreciated using the seven-year MACRS schedule. If the estimated pre-tax salvage value for the

A six year project involves equipment costing $3,460,000 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 $553,600, what is the after-tax salvage value for the equipment? Assume a marginal tax rate of 21 percent.

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