3) A water transportation equipment costs $765,000 has been purchased by a contract company duration is 6-year contract. The company uses the MACRS depreciation method for this equipment. The income tax rate is 32%, and it expects to have an after-tax rate of return of 16% for all its investments. The equipment generated an annual income of $195,000 for the first six years. The company sold the equipment for $195.000 at the end of 6 years. Determine if the company obtained the expected after-tax rate of return on this investment. BIVAA. I EI31x X, DE V GT 12pt Paragraph OWO