Question $3(10$ points$)$

A project has to sell a machine that is obsolete. The market department finds a buyer who is

willing to pay $$100,000$ for the machine. The machine was purchased $4$ years ago for $$1\mathrm{.}1$ million.

The accounting department notes that the depreciation method for this machine is straight line, and

the machine will be depreciated to zero over a five$-$year time period after purchase. What is the

machine's after$-$tax salvage value? Tax rate is $21\%.$

$$142,000\mathrm{.}00$

$$2,314\mathrm{.}05$

$-$$$289\mathrm{.}26$

$-$$$2,784\mathrm{.}62$

$$1,635\mathrm{.}2$