Refer to your cash flow estimation spreadsheet for this question. What is the after-tax salvage value of the building modifications/equipment purchased for Project A?

Cash Flow Estimation and Analysis for Expansion Project A
				0	1	2	3	4
Investment Outlays at Time = 0
CAPEX = Building and Equipment				-$212,000
NOWC = Additional net operating working capital needed				-3,500
Operating Cash Flows Over the Project's Life (Time = 1 - 4)
Unit sales					2,500	3,150	3,900	4,700
Sales price					$65.00	$65.00	$65.00	$65.00
Variable cost per unit					$1.018	$1.078	$1.046	$1.046
Sales revenues = Units Price					$162,500	$204,750	$253,500	$305,500
Variable costs = Units Cost/unit					73,125	92,138	114,075	137,475
Fixed operating costs except depr'n					35,000	35,000	35,000	35,000
Depreciation: Accelerated from table below					69,960	95,400	31,800	14,840
Total operating costs					$178,085	$222,538	$180,875	$187,315
EBIT (or Operating income)					-$15,585	-$17,788	$72,625	$118,185
Taxes on operating income			40%		-6,234	-7,115	29,050	47,274
EBIT (1 T) = After-tax project operating income					-$9,351	-$10,673	$43,575	$70,911
Add back depreciation					69,960	95,400	31,800	14,840
EBIT (1 T) + Depreciation					$60,609	$84,728	$75,375	$85,751
Terminal Cash Flows at Time = 4
Salvage value (taxed as ordinary income)								$25,000
Tax on salvage value = 0.4 (SV BV of equipment at t = 4)								$10,000
After-tax salvage value								$15,000
NOWC = Recovery of net operating working capital								$3,500
Project free cash flows = EBIT(1 T) + DEP CAPEX NOWC				-$215,500	$60,609	$84,728	$75,375	$104,251
Depreciation			Accelerated		1	2	3	4
	Cost:	$212,000	Rate		33%	45%	15%	7%
			Depreciation		$69,960	$95,400	$31,800	$14,840
Project Evaluation @ WACC =			9.44%
		Accelerated	Formulas
	NPV	$40,799.80	=NPV(D43,F35:I35)+E35
	IRR	17.194%	=IRR(E35:I35)
	MIRR	14.288%	=MIRR(E35:I35,D43,D43)
	Payback	2.95	=G12+(-E35-F35-G35)/H35