A project has to sell a machine that is obsolete. The market department finds a buyer who is willing to pay $100,000 for the machine. The machine was purchased 4 years ago for $1.1 million. The accounting department notes that the depreciation method for this machine is straight line, and the machine will be depreciated to zero over a five-year time period after purchase. What is the machine's after-tax salvage value? Tax rate is 21%. -$2,784.62 -$289.26 $2,314.05 $1,635.24 O $142,000.00

A project has to sell a machine that is obsolete. The market department finds a buyer who is willing to pay $100,000 for the machine. The machine was purchased 4 years ago for $1.1 million. The accounting department notes that the depreciation method for this machine is straight line, and the machine will be depreciated to zero over a five-year time period after purchase. What is the machine's after-tax salvage value? Tax rate is 21%. $2,784.62 $289.26 $2,314.05 $1,635.24 $142,000.00