Question: brummitt coporation is evaluating a new 4 year project. The equipment neccessary will cost 2900000 and can be sold for 317000 at the end of

brummitt coporation is evaluating a new 4 year project. The equipment neccessary will cost 2900000 and can be sold for 317000 at the end of the project. The asset is in 5 year MACRS class. The depreciation percentage each year is 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent and 11.52 Percent respectively. The compans tax rate is 21 percent. What is the aftertax salvage value of the equipment.

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