Nozark Corp. is now in the final year of a project.  The equipment originally cost $9,179, and the asset has been has been depreciated on a straight-line basis to a book value of $736.  Nozark can sell the used equipment for $2,448, and its tax rate is 30%.  The equipment's net after-tax salvage value is $_________.  In other words, find the net after-tax cash flow effect of selling the equipment.  Do not round any intermediate work.  Round your *final* answer to 2 decimal places (example: 12.34567 = 12.35).  Do not enter the $ sign.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Nozark Corp. is now in the final year of a project.  The equipment originally cost $9,179, and the asset has been has been depreciated on a straight-line basis to a book value of $736.  Nozark can sell the used equipment for $2,448, and its tax rate is 30%.  The equipment's net after-tax salvage value is $_________.  In other words, find the net after-tax cash flow effect of selling the equipment. 

Do not round any intermediate work.  Round your *final* answer to 2 decimal places (example: 12.34567 = 12.35).  Do not enter the $ sign. 

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