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Benny Inc. is purchasing a new machine for $120,000 that includes all shipping/installation costs. The piece of machinery falls within the 5-year MACRs depreciation class.

Benny Inc. is purchasing a new machine for $120,000 that includes all shipping/installation costs. The piece of machinery falls within the 5-year MACRs depreciation class. Benny Inc. sold it after 4 years for $26,000. Their tax-rate is 30%

yr 1: 20%

yr 2: 32%

yr 3: 19.2%

yr 4: 11.52%

yr 5: 11.52%

yr 6: 5.76%

What is the after-tax salvage value? please show step by step solutions w/ formula

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