Tracer Ltd. is evaluating investment in a project which has a life of 4 years. The initial cost of the equipment is $3,950,000 and it can be sold for $760,000 at the end of the project's life. The asset is in the 5-year MACRS class. The depreciation percentage each year is 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent, 11.52 percent, and 5.76% respectively. Corporate tax rate is 35 percent. Estimate the after-tax salvage value of the equipment Multiple Choice $760,000 O $787104 $573,632 $732.896