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Cullumber Corporation just purchased computing equipment for $21,000. The equipment will be depreciated using a five-year...

Cullumber Corporation just purchased computing equipment for $21,000. The equipment will be depreciated using a five-year MACRS depreciation schedule. If the equipment is sold at the end of its fourth year for $11,000, what are the after-tax proceeds from the sale, assuming the marginal tax rate is 35 percent? (Round answer to 2 decimal places, e.g. 15.25.)


After-tax proceeds $enter the After-tax proceeds in dollars rounded to 2 decimal places
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