A company purchased a machine six years ago at a cost of $620,000. The machine is being depreciated using the straight-line method over ten years. The tax rate is 25 percent and the discount rate is 12 percent. If the machine is sold today for $272,000, what will the aftertax salvage value be?

$272,000

$266,000

$260,000

$254,000

$248,000