Howell Petroleum is considering a new project that complements its existing business. The machine required for the project costs $3.9 million. The marketing department predicts that sales related to the project will be $2.35 million per year for the next four years, after which the market will cease to exist. The machine will be depreciated down to zero over its four-year economic life using the straight-line method. Cost of goods sold and operating expenses related to the project are predicted to be 25 percent of sales. Given the massive initial investment, Howell needs to reduce net working capital by $150,000 immediately. The only increase in NWC will occur at time t=2. At this time, NWC will be increased by $70,000. Any net working capital change will be recovered in full at the end of the projects life. The corporate tax rate is 35 percent. The required rate of return for Howell is 13 percent. calculate the book value of the machine at the end of the projects life and the after-tax salvage value?