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Business, 12.04.2021 23:00 unknown5351

A large grocery store chain is considering paying $313,000 for new store equipment. Under MACRS depreciation system, this equipment falls into the 3-year property class. The grocery store chain's management estimates $117,000 in sales revenues and $34,000 in production costs every year in the future. The grocery store chain falls into a 29% tax rate bracket. Required:
What is the after-tax salvage value of these cars at the end of year 3, when you will be ending this expansion project?

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