Replacement Analysis

for each year of its remaining life. If DeYoung doesn't replace the old machine, it will have no salvage value at the end of its useful life.

$$200,000$ will be realized if the new machine is installed. The company's marginal tax rate is $25\%$ and the project cost of capital is $12\%.$

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c$.$ What is the after$-$tax salvage value at Year $5?$ Do not round intermediate calculations. Round your answer to the nearest dollar. Negative value, if any, should be indicated by a minus sign.

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minus sign. Please use excel for your calculation and show the formula used. Thank you