Power Manufacturing has equipment that it purchased 5 years ago for $2,650,000. The equipment was used for a project that was intended to tast for 7 years and was being depreciated over the life of the project. 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 $420,000 today. The company's tax rate is 35 percent. What is the aftertax salvage value of the equipment? Multiple Choice $420,000 $538.000 $420,000 $567.000