n asset used in a four-year project falls in the five-year MACRS cla ost of $7,200,000 and will be sold for $1,620,000 at the end of the project. If the tax rate is 24 percent, what is the aftertax salvage alue of the asset?

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A: Errors of principle refers to errors that are carried out at time of noting down transactions…

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A:

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A:

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A:

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A: The question is a follow-up question, and, the learner has reposted it to clear the confusion so…

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Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.