17) A textile company invests $12 million in an open-end spinning machine. This was depreciated using the seven- year MACRS schedule Show below. If the company sold it immediately aer the end of year 3 for $8 million, what would be the after-tax cash ow orn the sale ofng asset= given a tax. rate of 40%? ------- MACRS 14.29% 24.49% 17.49% 12.49% 3.93% 8.92% 3.93% 4.45% A. $1,700.400 B. $4,251,200 (3. $4,800,000 D. $5,299.520