Consider a $1500 investment for a new plant that is expected to have a Residual Value of $300 in five years. What is the Salvage Value at the end of year 5 if the following depreciation plan will be used? Assume 21% tax rate for capital gain/loss

• $86
• $300
• $255
• $345

\begin{tabular}{|l|r|r|r|r|r|r|r|} \hline & \multicolumn{6}{|c|}{ At the end of year: } \\ \hline & 0 & 1 & 2 & 3 & 4 & 5 & 6 \\ \hline Depreciation & 0.00% & 20.00% & 32.00% & 19.20% & 11.52% & 11.52% & 5.76% \\ \hline \end{tabular}