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Intro Southwest Airlines just bought a new jet for $25,000,000. The jet falls into the 7-year MACRS category, with the following depreciation rates (half-year convention):

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Intro Southwest Airlines just bought a new jet for $25,000,000. The jet falls into the 7-year MACRS category, with the following depreciation rates (half-year convention): Year 1 Depr. rate 2 3 4 5 6 7 8 14.29% 24.49% 17.49% 12.49% 8.93% 8.92% 8.93% 4.46% The jet can be sold for $20,000,000 after 5 years. The company has a marginal tax rate of 34% 0 -Attempt 1/10 for 10 pts. Part1 What is the book value at the end of year 5? No decimals Submit BAttempt 1/10 for 10 pts Part 2 What is the after-tax salvage value at the end of year 5? No decimals Submit

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