Joe Biden became a U. S. senator in 1973 when senators were paid $42,500 per year. His last full year in the senate was 2008 when he was paid $169,300. The CPI values for every year since 1913 can be found here at the Minneapolis Fed website. What was the salary for 1973 equivalent to in 2008 dollars if you adjusted for inflation using the CPI

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