Bricktops Inc. purchased a piece of equipment for $45,000,000 for a project that is expected...
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Bricktops Inc. purchased a piece of equipment for $45,000,000 for a project that is expected to last 8 years. Equipment will be depreciated using 10 year straight line depreciation. At the end of year 8, the company can sell the equipment for $10,000,000. The tax rate is 30%. What is the approximate after-tax salvage value of this equipment?
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