BR Exporters purchased an $89,000 truck that is being depreciated straight-line over 5 years. The company has a marginal tax rate of 33% and a discount rate of 12%. After 3 years, the company expects to sell the truck for $36,500. What is the after-tax salvage value at the time of the intended sale?

BR Exporters purchased an $89,000 truck that is being depreciated straight-line over 5 years. The company has a marginal tax rate of 33% and a discount rate of 12%. After 3 years, the company expects to sell the truck for $36,500. What is the after-tax salvage value at the time of the intended sale? Select one: O a. $35,006 O b. $35,600 O c. $36,203 O d. $37,697 e. None of the above