both questions please and thank you

Four years ago, your employer purchased for $2.250,000 a new office telephone system to support its complex of office buildings. Your supervisor wants to know what its after-tax salvage value would be if it were sold today and replaced with a new system. The system purchased four years ago is being depreciated straight-line for tax purposes over 5 years to a book value of $50,000 (because when the system was purchased the Company believed it could be sold for $50,000 at the end of 5 years). Your company has a 21% marginal income tax rate for capital gains. You have done some checking around and have learned this old system has a market value of $800,000. If the company could sell the old system for this price, what would be its after-tax salvage value? $263,500 $247,500 $853,500 $350,000 $734,900 You and two of your friends started a wholesale distribution business to distribute hardware and lawn and garden tools. Two years ago, your business paid $120,500 for 4 acres of land for a potential new distribution center to be built in Moore, OK. Today, the market value of this land is $335,000. Your company has just analyzed a proposal to develop a new distribution center, and has determined that it will not be feasible to go forward with the proposed project. Therefore, your company will sell the land for $335,000 as planned because the proposed new distribution was determined to be infeasible. When the proposed project was being analyzed, did the land represent a relevant cash flow? No, it was a sunk cost and not relevant. Yes, it was an opportunity cost, and the proposed project reflected the $335,000 current market value as an opportunity cost. Yes, it was relevant to the analysis and the historical cost of the land was a sunk cost. Yes, it was an opportunity cost, and the proposed project reflected the $214,500 net gain for the land as such