What is the after-tax salvage value from the sale given a


MACRS                         Year 1       Year 2       Year 3        Year 4        Year 5       Year 6

Depreciation Rate      20%            32%        19.2%        11.52%        11.52%       5.76%

A company invests $27862 in new machinery, which was depreciated using the five-year MACRS schedule shown above. If the company sold the machinery immediately after the end of year 3 for $13174, what is the after-tax salvage value from the sale, given a tax rate of 26%? Enter your answer in dollars and round to the nearest dollar.

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Financial Management: What is the after-tax salvage value from the sale given a
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