Quiz - Ch10-Q19a-Cost-Cutting Proposals [LO2] Started: Apr 25 at 2:27pm Quiz Instructions Question 1 1 pts Purple Haze Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $552,036 is estimated to result in $193,754 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 $94,207. The shop's tax rate is 30 percent. What is the after tax salvage value of this asset? (Round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.) Modified ACRS Depreciation Allowances (Table 10.7) Year Three-Year Five-Year Seven-Year 33.33% 20.00% 14.29% 44.45 32.00 24.49 14.81 19.20 17.49 7.41 11.52 12.49 11.52 8.93 5.76 8.92 8.93 4.46 Quiz - Ch10-Q19a-Cost-Cutting Proposals [LO2] Started: Apr 25 at 2:27pm Quiz Instructions Question 1 1 pts Purple Haze Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $552,036 is estimated to result in $193,754 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 $94,207. The shop's tax rate is 30 percent. What is the after tax salvage value of this asset? (Round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.) Modified ACRS Depreciation Allowances (Table 10.7) Year Three-Year Five-Year Seven-Year 33.33% 20.00% 14.29% 44.45 32.00 24.49 14.81 19.20 17.49 7.41 11.52 12.49 11.52 8.93 5.76 8.92 8.93 4.46