Question $9$

$0\mathrm{.}2$ pts

A firm is considering a five$-$year project that will require $$738,000$ for new fixed assets that will be depreciated straight$-$line to zero book value over five years. No bonus depreciation will be taken. At the end of the project, the foxed assets can be sold for $18$ percent of their original cost. The project is expected to generate annual sales of $$679,000$ with costs of $$321,000.$ The tax rate is $22$ percent and the required rate of return is $15\mathrm{.}2$ percent. What is the amount of the after$-$tax salvage value?

$$ $$104,409\mathrm{.}20$

$$104,409\mathrm{.}20$

$$105,165\mathrm{.}60$

$$103\mathrm{.}615\mathrm{.}20$

$$118,406\mathrm{.}90$