capital budgeting

| December 10, 2015

An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $19,344,000 and will be sold for $4,368,000 at the end of the project. If the tax rate is 32 percent, the aftertax salvage value of the asset is $? (Round your answer to the nearest whole dollar amount).

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