Question: A six year project involves equipment costing $3,460,000 that will be depreciated using the seven-year MACRS schedule. If the estimated pre-tax salvage value for the

A six year project involves equipment costing $3,460,000 that will be depreciated using the seven-year MACRS schedule. If the estimated pre-tax salvage value for the equipment at the end of the project's life is $553,600, what is the after-tax salvage value for the equipment? Assume a marginal tax rate of 21 percent.

can you help show this on hand how the professor got C as the answer? Or where on the shown equation he got $463294 from?

-$18,964
$572,564
$534,636
$549,618

$553,600 + ($463,294 - $553,600) 0.21 = $534,636

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