A company is selling an equipment after two years for $4,230. The equipment was originally purchased for $100,627. The tax rate is 21%. 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.