A project invloved purchasing $$50,000$ of Computer equipment. The equipment has a useful life of five years. The firm chooses to use a MACRS table to depreciate the equipment. Suppose the firm sells the equipment for $20,000$ after four years. If thr firm pays a $40\%$ tax rate, what is the net salvage vaule of this equipment?

The MACRS tables for $3$ and $5$ years are:

$\backslash$table$[[$Year$,3-$Year,$5-$Year$],[1,33\mathrm{.}33\%,20\%$