Giant Corp. is considering a project that requires a $6 million initial cost for a...
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Giant Corp. is considering a project that requires a $6 million initial cost for a new machine that will be depreciated straight-line to a salvage value of 0 on a 5-year schedule. The project will end at the end of year 2, at which time the machinery is expected to be sold for $4 million. The tax rate is 25%.
What would be the projected after-tax proceeds from the sale of the equipment in Year 2?
Please enter your answer in millions.
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