Consider a project with an initial asset cost of $174,000 with depreciation of that asset set as straight-line to zero over eight years. Ignore bonus depreciation. At the end of the project's six-year life the asset can be sold for $75,000. Use a combined federal and state tax rate of 37 percent. What is the aftertax salvage value? $48,900 $56,740 $38,840 $53,345