What will the after-tax salvage value for the firms fixed, Financial Management

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What will the after-tax salvage value for the firms fixed

Current book value of the TI’s fixed assets is $6,000,000. Management is planning to sell these assets for $9,500,000 in four years. Total depreciation over this period will be $1,500,000. If the tax rate is 30%, what will the after-tax salvage value for the firm’s fixed assets be in four years?

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Financial Management: What will the after-tax salvage value for the firms fixed

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