5. Tools. Inc. purchased some new equipment 2 years ago for $99,000. Today, it is selling this equipment for $67,500. What is the after-tax salvage value if the tax rate is 35 percent? The MACRS allowance percentages are as follows, commencing with year one: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.