Intro 8 years ago, a new machine cost $5,000,000 to purchase and an additional $620,000 for the installation. The machine was to be linearly depreciated to zero over 15 years. The company has just sold the machine for $3,000,000, and its marginal tax rate is 25%. Part 1 Attempt 2/5 for 8 pts. What is the annual depreciation? Correct Initial book value: BV0= Purchase price + Cost of installation =5,000,000+620,000 =5,620,000 Annual depreciation: D=BV0/N=5,620,000/15=374,667 Part 2 Attempt 5/5 for 6 pts. What is the current book value? What is the annual depreciation? Correct Initial book value: BV0= Purchase price + Cost of installation =5,000,000+620,000 =5,620,000 Annual depreciation: D=BV0/N=5,620,000/15=374,667 Part 2 Attempt 5/5 for 6 pts. What is the current book value? Part 3 Attempt 4/5 for 10 pts. What is the after-tax salvage value