ABC,Inc purchased some new machinerythreeyears ago for$384,147.Today,it is selling this machinery for$68,102.What is the After-tax Salvage Value ofthenewmachinery?Assumethat thetax rate is38%.

The MACRS allowance percentages are as follows,starting with Year1:20.00,32.00,19.20,11.52,11.52,and5.76percent.

Enter your answer rounded off to two decimal points.Do not enter$or comma in the answer box.For example,if your answer is$12.345then enter as12.35in the answer box

**I need the excel formula attached please