Part 2 please

Southwest Airlines just bought a new jet for $32,000,000. The jet falls into the 7-year MACRS category, with the following depreciation rates (half-year convention): The jet can be sold for $25,600,000 after 5 years. The company has a marginal tax rate of 34%. Part 1 Attempt 6/10 for 8 pts. What is the book value at the end of year 5 ? Correct Book value = Initial book value - Accumulated depreciation =32,000,000(0.1429+0.2449+0.1749+0.1249+0.0893)32,000,000=7,139,200 Part 2 Attempt 5/10 for 10 pts. What is the after-tax salvage value at the end of year 5