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Equipment costs $660,000 and is depreciated straight line to zero over 4 years. The equipment generates positive operating cash flow each year for 3 years

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Equipment costs $660,000 and is depreciated straight line to zero over 4 years. The equipment generates positive operating cash flow each year for 3 years of $300,000. The tax rate is 21%. The project's discount rate is 10.50%. What is the after tax salvage value if the equipment can be sold for $175,000 after 3 years? Multiple Choice $175,000 $172,900 $138,250 $177,100

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