Company EFG spent $25,000 to purchase equipment in year zero. The equipment is being depreciated to zero using straight line depreciation over a seven-year tax life. At the end of the third year, the equipment is sold for $8,000. What is the after-tax salvage value of this equipment, assuming a tax rate of 30%?

	A.	$6,885.71
	B.	$7,885.71
	C.	$8,885.71
	D.	$9,885.71
	E.	All of the answers above are incorrect.