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Purple Haze Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $509111 is estimated to result

Purple Haze Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $509111 is estimated to result in $207115 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 $107191. The shop's tax rate is 31 percent. What is the after tax salvage value of this asset? Round final answer to the nearest dollar amount

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