Power Manufacturing has equipment that it purchased 4 years ago for $3,000,000. The equipment was used for a project that was intended to last for 6 years. However, due to low demand, the project is being shut down. The equipment was depreciated using the straight-line method and can be sold for $490,000 today. The company's tax rate is 21 percent. What is the aftertax salvage value of the equipment? Multiple Choice $592,000 $490,000 $686,000 $286,000 $597,100