Question: Assignment: Week 6: Homework Questions Problem 11-03 (Net Salvage Value) 5. 6. 7. 8. B eBook Q Search this course Assignment Score: 72.85% Save

Assignment: Week 6: Homework Questions Problem 11-03 (Net Salvage Value) 5. 6.

Assignment: Week 6: Homework Questions Problem 11-03 (Net Salvage Value) 5. 6. 7. 8. B eBook Q Search this course Assignment Score: 72.85% Save Submit Assignment for Grading x Question 7 of 5 A-Z Check My Work Net Salvage Value Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $14.5 million, of which 55% has been depreciated. The used equipment can be sold today for $5.8 million, and its tax rate is 25%. What is the equipment's after-tax net salvage value? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.

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