A kitchen appliances manufacturing company is planning to buy a new production equipment for $2,500,000....
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A kitchen appliances manufacturing company is planning to buy a new production equipment for $2,500,000. This equipment will be depreciating according to the 5-year property class under MACRS (see the table - you can also click on it to view full screen in a new window). If the company sells this equipment in 4 years for $360,000, how much will it collect in after-tax sale proceeds (i.e., the after-tax salvage value)? The company faces a 26% tax rate. Do not use "$" in your answer. In any intermediate calculations, increase the decimal places from 2 to 6 or higher, and only round the final answer to 2 decimal places
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