Kasper Film Co. is selling off some old equipment it no longer needs because its

associated project has come to an end. The equipment originally cost $22,500, of which

75% has been depreciated. The firm can sell the used equipment today for $6,000, and

its tax rate is 21%. What is the equipment's after-tax salvage value for use in a capital

budgeting analysis? Note that if the equipment's final market value is less than its book

value, the firm will receive a tax credit as a result of the sale.