Farris industrial purchased a machine five years ago at a, Financial Management

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Farris industrial purchased a machine five years ago at a

Farris Industrial purchased a machine five years ago at a cost of $164,900. The machine is being depreciated using the straight-line method over eight years. The tax rate is 35 percent and the discount rate is 14 percent. If the machine is sold today for 42,500, what will the aftertax salvage value be?

A 35,731.88

B 27,625.00

C 49,268.00

D 63,696.88

E 52,011.18

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