II. Roger's Manufacturing Company is selling its classic Rolls-Royce Phantom in mint condition for $200,000 at...

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II. Roger's Manufacturing Company is selling its classic Rolls-Royce Phantom in mint condition for $200,000 at a public auction. The car was originally bought for $60,000 and it has been always kept in the inventory for the last 42 years. It is depreciated on the books from its original purchase price at a CCA rate of 24%. The company's marginal tax rate is 25%. Is the company eligible to receive tax credit (how much?) or does it have tax liability (how much)? Why? What is the net salvage value of the car? (8 pts) II. Roger's Manufacturing Company is selling its classic Rolls-Royce Phantom in mint condition for $200,000 at a public auction. The car was originally bought for $60,000 and it has been always kept in the inventory for the last 42 years. It is depreciated on the books from its original purchase price at a CCA rate of 24%. The company's marginal tax rate is 25%. Is the company eligible to receive tax credit (how much?) or does it have tax liability (how much)? Why? What is the net salvage value of the car? (8 pts)