Power Manufacturing has equipment that it purchased 6 years ago for $2,100,000. The equipment was used for a project that was intended to last for 8 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 $310,000 today. The company's tax rate is 40 percent. What is the aftertax salvage value of the equipment? Multiple Choice $396.000 $434,000 O $310.000 O $353,000 $224,000