Question: Brummitt Corp., is evaluating a new 4 - year project. The equipment necessary for the project will cost $ 3 , 0 0 0 ,
Brummitt Corp., is evaluating a new year project. The equipment necessary for the project will cost $ and can be sold for $ at the end of the project. The asset is in the year MACRS class. The depreciation percentage each year is percent, percent, percent, percent, and percent, respectively. The company's tax rate is percent. What is the aftertax salvage value of the equipment?
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