ABC Company purchased $70,194 of equipment 5 years ago. The equipment is 7-year MACRS property. The firm is selling this equipment today for $10,352. What is the After-tax Salvage Value if the tax rate is 33 percent? The MACRS allowance percentages are as follows, commencing with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent.
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.