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Southwest Airlines just bought a new jet for $20,000,000. The jet falls into the 7-year MACRS category, with the following depreciation rates (half-year convention): The

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Southwest Airlines just bought a new jet for $20,000,000. The jet falls into the 7-year MACRS category, with the following depreciation rates (half-year convention): The jet can be sold for $16,000,000 after 5 years. The company has a marginal tax rate of 34%. Part 1 Attempt 4/5 for 10 pts. What is the book value at the end of year 5 ? Part 2 What is the after-tax salvage value at the end of year 5 ? 1 Attempt 1/5 for 10 pts

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