Question: A four year project involves equipment costing $3,050,000 that will be depreciated using the five- year MACRS schedule. If the estimated pre-tax salvage value for

A four year project involves equipment costing $3,050,000 that will be depreciated using the five- year MACRS schedule. If the estimated pre-tax salvage value for the equipment at the end of the project's life is $732,000, what is the after-tax salvage value for the equipment? Assume a marginal tax rate of 34 percent.. -$69,686 $708,307 $662,314 $801,686

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