The managers of Classic Autos Incorporated plan to manufacture classic Thunderbirds (1957 replicas). The necessary foundry equipment will cost a total of $5,000.000 and will be depreciated using a five-year MACRS life. Projected sales in annual units for the next five years are 300 per year. If the tax rate is 30% and the equipment is sold for salvage for $700.000 at the end of year five. What is the after tax cash flow of the salvage? (The percentages of fiveyear MACRS are; year one: 20%; year two: 32%; year three; 19.2%; year four: 11.52%: year five: 11.52%; year wix: 5.76% $576.400 $214.947 5491,592 $358.974