A cooperative has voted to purchase a box truck to move produce to their distribution center. The new truck will cost $29,000. The marginal tax rate is 21%, inflation is 3% and the required rate of return is 10% and the risk premium is 4%. The IRS is allowing straight-line depreciation over 15 years. The coop estimates that the truck can be sold for $7,400 after 8 years. What is the present value of after-tax terminal value after 8 years? $4,428 $4,896 $7,428 $7,495 None of the answers are correct