Dog Up! Franks is looking at a new sausage system with an installed cost of $665,000. This cost will be depreciated straight-line to zero over the projects 5-year life, at the end of which the sausage system can be scrapped for $87,000. The sausage system will save the firm $187,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $39,000.

What is the aftertax salvage value of the equipment?