Question: Brummitt Corporation is evaluating a new 4 - year project. The equipment necessary for the project will cost $ 2 , 0 5 0 ,

Brummitt Corporation is evaluating a new 4-year project. The equipment necessary for the project will cost $2,050,000and can be sold for $283,000at the end of the project. The asset is in the 5-year MACRS class. The depreciation percentage each year is 20.00percent,32.00percent,19.20percent,11.52percent, and 11.52percent, respectively. The company's tax rate is 21percent. What is the aftertax salvage value of the equipment?

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