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The Galley purchased some 3-year MACRS property 2 years ago at a cost of $40,800. The MACRS rates are 33.33 percent, 44.44 percent, 14.82 percent,

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The Galley purchased some 3-year MACRS property 2 years ago at a cost of $40,800. The MACRS rates are 33.33 percent, 44.44 percent, 14.82 percent, and 7.41 percent. The firm no longer uses this property so is selling it today at a price of $13,800. Assume the firm ignores bonus depreciation and has a tax rate of 21 percent. What is the aftertax salvage value of this asset

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