3. Andre purchased $80,000 of equipment for use in his sole proprietorship on January 15, 2019. The equipment was 7-year recovery property. Andre's marginal tax rate is 32%. a. Compute Andre's maximum cost recovery with respect to the equipment for 2019, assuming this is his only equipment acquisition. b. Compute Andre's net cash flow attributable to the equipment in 2019. C. What is Andre's adjusted basis in the equipment on December 31, 2019? 3. Andre purchased $80,000 of equipment for use in his sole proprietorship on January 15, 2019. The equipment was 7-year recovery property. Andre's marginal tax rate is 32%. a. Compute Andre's maximum cost recovery with respect to the equipment for 2019, assuming this is his only equipment acquisition. b. Compute Andre's net cash flow attributable to the equipment in 2019. C. What is Andre's adjusted basis in the equipment on December 31, 2019