Question $2$ The following information relating to an investment in equipment has been extracted from the books of CB Ltd Ltd$.$ The total purchase price is $$61,982$; the salvage value is $$8,610$ at the end of year $3.$ Net sales revenue $($relating to the equipment$)$: Year$-1$ $$34,000$; Year$-2$ $$28,000$ and Year$-3$ $$23,000$; applicable tax rate is $32\%$; and the required rate of return is $11\%.$ If the depreciation rate is $23\%$ straight line, calculate the tax amount in the third year relating to the sale of the equipment only.