Brummitt Corporation, is evaluating a new $4-$year project. The equipment necessary for the project will cost

$$2,800,000$ and can be sold for $$313,000$ at the end of the project. The asset is in the $5-$year MACRS class.

The depreciation percentage each year is $20\mathrm{.}00$ percent, $32\mathrm{.}00$ percent, $19\mathrm{.}20$ percent, $11\mathrm{.}52$ percent, and

$11\mathrm{.}52$ percent, respectively. The company's tax rate is $25$ percent. What is the aftertax salvage value of the

equipment?

Multiple Choice

$$270,290$

$$355,710$

$$313,000$

$$234,750$

$$275,070$