Question: Problem Set 2 3ack to Assignment Attempts 0 I I Keep the Highest 01' l 14. Problem 11-03 (Net Salvage Value) L] Net Salvage Value

Problem Set 2 3ack to Assignment Attempts 0 I I Keep the Highest 01' l 14. Problem 11-03 (Net Salvage Value) L] Net Salvage Value Allen Air Lines must liquidate some equipment that iS being replaced. The equipment originally cost $6 million, of which 75% has been depremated. The used equipment can be sold today for 53 million, and its tax rate is 25%. What is the equipment's after-tax net salvage value? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar. $ Grade it Now Save 3. Continue Continue without saving

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