Karsted can sell the used equipment today for 85 million, Financial Management

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Karsted can sell the used equipment today for 85 million

Karsted Air Services is now in the final year of a project. The equipment originally cost $34 million, of which 90% has been depreciated. Karsted can sell the used equipment today for $8.5 million, and its tax rate is 30%. What is the equipment's after-tax salvage value? Round your answer to the nearest dollar.

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Financial Management: Karsted can sell the used equipment today for 85 million

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