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Question 22 3 pts Your firm is purchasing an asset that falls under the 3 year MACRS class. Annual expense percentages in this class are
Question 22 3 pts Your firm is purchasing an asset that falls under the 3 year MACRS class. Annual expense percentages in this class are 33.33%, 44.45%, 14.81% and 7.41%. It will be used in a project that is projected to last only 3 years. Today the asset will cost $150,000. You believe you can sell it at the end of three years for $30,000. Calculate the after-tax cash flow from the sale of the truck (aka after-tax salvage value). Your firm's tax rate is 30%. Show your work for partial credit. If you choose to do the calculations on Excel, you can copy and paste the steps into the answer space
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