5) Your company is evaluating a new project that will require the purchase of an asset for $22,000 installed. The asset will be depreciated using 5-year straight line to zero. The asset will be sold at the end of 3 years. Your company is expecting the asset to have a market value of $2,500 at the end of 3 years. The applicable tax rate is 30% and the cost of capital is 12% a) Calculate the after tax salvage for the asset at the end of 3 years. b) Calculate the gain or (loss) from the sale of the asset at the end of 3 years? (And indicate whether it is a gain or a loss. c) Calculate the tax consequences from the sale of the asset in 3 years and indicate whether it is a tax liability or tax saving