Problem $9-22$ Salvage Value $($LO$3)$

Your firm purchased machinery for $$10\mathrm{.}6$ million and received immediate $100\%$ bonus depreciation. The project will end after $5$ years. If the equipment can be sold for $$5\mathrm{.}1$ million at the completion of the project, and your firm's tax rate is $21\%,$ what is the after$-$tax cash flow from the sale of the machinery?

Note: Enter your answer in millions rounded to $4$ decimal places.

After$-$tax cash flow

millions

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$4$ of $5$

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