Consider an asset that costs $142,000 and is depreciated straight-line to zero over its seven-year tax life. The asset is to be used in a four-year project. At the end of the project the asset can be sold for $65,000. The tax rate is 30 percent. What is the aftertax salvage value?

$66,242.86

$45,500.00

$63,757.14

$53,805.15

$48,100.00