(Answered) Fenton purchases an asset for 17672 this asset qualifies as

Finance

Fenton purchases an asset for $17672. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respectively. Fenton has a tax rate of 30%. The asset is sold at the end of six years for $3263.

Calculate the after-tax cash flow at disposal.

Round the answer to two decimals.

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