Redwing Corp., is evaluating a new 3-year project. The equipment necessary for the project will...
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Redwing Corp., is evaluating a new 3-year project. The equipment necessary for the project will cost $485,000 and can be sold for $97,000 at the end of the project. The asset is in the 3-year MACRS class. The depreciation percentage each year is 16.67 percent, 33.33 percent, 33.33 percent, and 16.67 percent, respectively. The company's tax rate is 40.0 percent. What is the after-tax salvage value of the equipment? Answer in whole numbers, rounded to three decimal places.
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