MACRS 10-year property
Year	Rate
1	10.00%
2	18.00%
3	14.40%
4	11.52%
5	9.22%
6	7.37%
7	6.55%
8	6.55%
9	6.56%
10	6.55%
11	3.28%

You just purchased some equipment that is classified as 5-year property for MACRS. The equipment costs $87,600. What will the after-tax salvage value of this equipment be at the end of three years should you decide to resell the equipment for $50,000 at that point in time (assume a corporate tax rate of 35%)?