Question: Charles is considering purchasing a new mainframe computer for his business for $480,000. It will be fully depreciated in 5 years, but Charles thinks he

Charles is considering purchasing a new mainframe computer for his business for $480,000. It will be fully depreciated in 5 years, but Charles thinks he will be able to sell it for $20,000 in 6 years when he is done with it. If Charles's marginal tax rate is 24%, what after-tax salavage value should he use in year 6 when estimating the project's cash flows? Multiple Choice $34,400 O $20.000 $15.200 $24.800 $4800

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