Purple Haze Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $514499 is estimated to result in $196306 in annual pretax cost savings. The press falls in the MACRS five-year class, and it will have a salvage value at the end of the project of $107105. The shop's tax rate is 30 percent. What is the after tax salvage value of this asset?