A firm purchased a machine for $500,000, with MACRS depreciation schedule: Year 1 2 3 4 5 Dep Rate 20% 32% 19.2% 11.5% 11.5% and could be sold for $100,000 at the end of year 5. Corporate tax rate is 34%. Calculate after-tax salvage value Calculate after-tax salvage value (please refer to the screen for details) $24,140 $75,860 $24.140 $76,560