An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of exist6, 110,000 and will be sold for exist1, 310,000 at the end of the project If the tax rate is 30 percent, what is the aftertax salvage value of the asset? Refer to the MACRS schedule. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Enter your answer in dollars, not millions of dollars, e.g., 1, 234, 567.)
Aftertax salvage value exist