Blue Jay Industries is considering the purchase of a new machine. It will replace an existing but obsolete machine that will be sold for $40,000. The existing machine is 8 years old, cost $150,000, had a 10-year useful life, and is being depreciated to zero using the straight-line method. Blue Jay's income tax rate is 40%. What is the after-tax salvage value of the old machine? Answer $6,000