Question: Please help Q1: A five year project involves equipment costing $3,020,000 that will be depreciated using the seven-year MACRS schedule. If the estimated pre-tax salvage

Please help

Q1:

Please help Q1: A five year project involves equipment costing $3,020,000 that

A five year project involves equipment costing $3,020,000 that will be depreciated using the seven-year MACRS schedule. If the estimated pre-tax salvage value for the equipment at the end of the project's life is $634,200, what is the after-tax salvage value for the equipment? Assume a marginal tax rate of 34 percent. $647,651 O $13,451 $620,749 $638,773

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