Karsted Air Services is now in the final year of a project. The equipment originally cost $33 million, of which 75% has been depreciated. Karsted can sell the used equipment today for $8.25 million, and its tax rate is 30%. What is the equipment's after-tax salvage value? Round your answer to the nearest dollar. Write out your answer completely. For example, 13 million should be entered as 13,000,000
Karsted Air Services is now in the final year of a project. The equipment originally cost $33 million, of which 75% has been depreciated. Karsted can sell the used equipment today for $8.25 million, and its tax rate is 30%. What is the equipment's after-tax salvage value? Round your answer to the nearest dollar. Write out your answer completely. For example, 13 million should be entered as 13,000,000
Chapter9: Capital Budgeting And Cash Flow Analysis
Section: Chapter Questions
Problem 13P
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Karsted Air Services is now in the final year of a project. The equipment originally cost $33 million, of which 75% has been
$????
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