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An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $872278 and

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An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $872278 and will be sold for $117445 (before tax) at the end of the project, at the end of year 4. If the tax rate is 21%, what is the aftertax salvage value of the asset? MACRS 5-year equipment Year Rate 1 2 3 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 4 5 6 Select one: 0 a. $150729.64 O b. $50243.21 O c. $145536.92 O d. $103332.62 0 e. $124434.77

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