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A company is selling an equipment after two years for $3,876. The equipment was originally purchased for $118,145. The tax rate is 20%. The equipment

A company is selling an equipment after two years for $3,876. The equipment was originally purchased for $118,145. The tax rate is 20%. The equipment is classified as a 5-year property. What is the after-tax salvage value? The MACRS allowance percentages are as follows, starting with Year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent. Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

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