An investment adviser that typically places about 900 trades per month for its clients receives a notice from its executing broker that the cost per trade will drop to a flat $8.00 from the current $12.00 if 1,000 trades per month are placed. The investment adviser wishes to take advantage of the discount. To do this, the investment adviser should effect the extra 100 trades per month:

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken