Question: An asset used in a four-year project has a five-year life for tax purposes. The asset has an acquisition cost of $6.8 million and will

An asset used in a four-year project has a five-year life for tax purposes. The asset has an acquisition cost of $6.8 million and will be sold for $1,460,000 at the end of the project. If the tax rate is 30%, what is the after-tax salvage value of the asset using straight-line method

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