$3,000 per year) and could sell this old machine for $50,000. Also, assume Harris has a 34 percent marginal tax rate. a. What would be the taxes associated with this sale? b. If the old machine were sold for $40,000, what would be the taxes associated with this sale? c. If the old machine were sold for $30,000, what would be the taxes associated with this sale? d. If the old machine were sold for $27,000, what would be the taxes associated with this sale