4 years ago, you purchased an industrial pump for your chemical processing plant, The pump was purchased for $3,900, The pump was expected to depreciate at a rate of 20%, using the declining balance method, Today, you sold the pump for $7,100, Given that 50% of capital gains are taxable, and that the corporate income tax rate 15 43%, what are your after-tax proceeds from the sale of the pump? Assume no capital losses are available, and that the HYR does not apply and round your total to the nearest whole dollar