McPherson Company must purchase a new milling machine. The purchase priceys $70,000, including installation. The machine has a tax lile of 5 years, and it can be depreciated according to the following rates. The firm expects to operate the machine for 4 years and then to sell it for $13,500. If the marginal tax rate is 40%, what will the after-tax salvage value be when the machine is sold at the end of Year 47 Year Depreciation Rate 1 0.20 2. 0.32 3 0.19 4 0.12 5 0.11 6 0.06