I'm not sure what formulas to use. I thought it was PW= - 100,000 x CTF +10,700(P/A,10%,10) x CSF from this I get - 65,431.63

* 38) An asset is purchased for $100 000. It depreciates at 20% per year. After 10 years it will be sold for salvage for $10 700. If the company is taxed at 50% and has an after-tax MARR of 10%, what is the present worth of this sale in the year of purchase? A) $1 374 B) $2 177 C) $2 747 D) $4 125 E) $7 126 Answer: A