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5. An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $860,000

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5. An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $860,000 and will be sold at the end of the project. If the income tax rate is 35 percent, and the cap of the asset? 1) At the end of the project, the asset can be sold for $90,000. 2) At the end of the project, the asset can be sold for $148,608. 3) At the end of the project, the asset can be sold for $220,000. 4) At the end of the project, the asset can be sold for $ 920,000 ital gains rate is 20 percent, what is the after-tax salvage value

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