OXY plans to purchase some machinery for its new project. The purchase price is $455,000. The expected life of the new project is 5 years. After 5 years, the equipment can be sold for $50,000. The company uses straight-line to zero depreciation. What is the after-tax salvage value of the equipment at year 5 if the tax rate is 21 percent? $50,000$15,000$49,500$39,500$35,000