A ten year project involves equipment costing $3,470,000 that will be depreciated using the seven-year...
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A ten year project involves equipment costing $3,470,000 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 $451,100, what is the after-tax salvage value for the equipment? Assume a marginal tax rate of 34 percent.
Group of answer choices
$604,474
$398,953
-$5,899
$297,726
_________ occurs when the cash flows of a new project come at the expense of a firm's existing projects.
