Allen Air lines must liquidate some equipment that is being replaced. the equipment originally cost $12 million, of which 75% has been deprecited.

Allen Air lines must liquidate some equipment that is being replaced. the equipment originally cost $12 million, of which 75% has been deprecited. the used eqipment can be sold today for $4 million and its tax rate is 40%. what is the equipment after-tax net salvage value