Pear Orchards is evaluating a new project that will require equipment of $$221,000.$ The equipment will be depreciated on a $5-$year MACRS schedule. The annual depreciation percentages are $20\mathrm{.}00$ percent, $32\mathrm{.}00$ percent, $19\mathrm{.}20$ percent, $11\mathrm{.}52$ percent, and $11\mathrm{.}52$ percent, respectively. The company plans to shut down the project after $4$ years. At that time, the equipment could be sold for $$48,900.$ However, the company plans to keep the equipment for a different project in another state. The tax rate is $24$ percent. What aftertax salvage value should the company use when evaluating the current project?

Multiple Choice

$$51,471$

$$48,900$

$$46,329$

$$ $$38,189$

$$0$