A corporation purchased a machine for $60,000 five years ago. It had an estimated life of 10 years and an estimated salvage value of $9,000. The current BV of this machine is $34, 500. If the current MV of the machine is $40, 500 and the effective income tax rate is 29%, what is the after-tax investment value of the machine? Use the outsider viewpoint. a. $28, 755 b. $40, 500 c. $38, 760 d. $37, 455 e. $36, 759