Southwest Airlines just bought a new jet for $31,000,000. The jet falls into the 7-...
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Southwest Airlines just bought a new jet for $31,000,000. The jet falls into the 7- year MACRS category, with the following depreciation rates (half-year convention): Year 1 2 3 4 5 6 7 8 Depr. rate 14.29% 24.49% 17.49% 12.49% 8.93% 8.92% 8.93% 4.46% The jet can be sold for $24,800,000 after 5 years. The company has a marginal tax rate of 34%. Part 1 What is the book value at the end of year 5? Attempt 1/1 for 10 pts. 0+ decimals Submit Part 2 What is the after-tax cash flow at the end of year 5? - Attempt 1/1 for 10 pts. 0+ decimals esc F2 no OOO
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