Pera Inc. is planning to buy a piece of equipment. The equipment costs

$$4,000,000.$ The equipment is considered for tax purposes as a $5-$year

MACRS class. If the equipment is sold at the end of $5$ years for $$300,000,$

what is the after$-$tax cash flow from the sale of this asset $($after$-$tax net

salvage value or termination value of the equipment$)?$ The marginal tax

rate is $30$ percent.

The annual expense percentage for a $5-$year MACRS property from year $1$

to $6$ respectively are: $20\mathrm{.}00\%$;$32\mathrm{.}00\%$;$19\mathrm{.}20\%$;$11\mathrm{.}52\%$;$11\mathrm{.}52$ : and

$5\mathrm{.}76\%.$

In entering your answer, do not use $ sign, use commas to separate thousands, and

round to the nearest dollar. For example, if your obtain $$30,450\mathrm{.}92$ then enter

$30,451$; if you obtain $$30,000\mathrm{.}00$ then enter $30,000$

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