Morgado Inc. has provided the following data to be used in evaluating a proposed investment project: 
The company's tax rate is 30%. For tax purposes, the entire initial investment will be depreciated over 5 years without any reduction for salvage value. The company uses a discount rate of 19%.
-When computing the net present value of the project,what is the after-tax cash flow from the salvage value in the final year?
Definitions:
Annual Dividend
The total amount of dividend payments a company makes to its shareholders over a single fiscal year.
Return
The income generated on an investment over a particular period of time, expressed as a percentage of the investment's initial cost.
Call Option
A financial contract giving the buyer the right, but not the obligation, to purchase a stock, bond, commodity, or other asset at a specified price within a specific time period.
Striking Price
The fixed price at which the holder of an option can buy (in the case of a call) or sell (in the case of a put) the underlying asset.
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