13. Imagine a firm purchases a piece of manufacturing equipment for $1,375,000. For depreciation purposes, the equipment is classified as 7-year property under MACRS. Complete the following table of book values and yearly depreciation charges.

	Beginning Book Value	Depreciation Charge	Ending Book Value
1	$1,375,000
2
3
4
5
6
7
8

Assume the firm in the previous question sells the equipment after 6 years for $250,000. Determine the net salvage value (after-tax cash flow) from the sale if the applicable tax rate is 25%.