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You purchase equipment for $488,168. This cost will be depreciated straight- line to zero over the project's 5-year life. Based on past information, you believe
You purchase equipment for $488,168. This cost will be depreciated straight- line to zero over the project's 5-year life. Based on past information, you believe that you can sell the equipment for $28,466 when you are done with it in 5 years. The company's marginal tax rate is 21%. Calculate the after-tax salvage value. Round your answer to 2 decimal places (e.g. 125.74632 = 125.75)
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