40 pts Question 3 3) A water transportation equipment costs $675,000 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 31%, and it expects to have an after- tax rate of return of 15% for all its investments. The equipment generated an annual income of $185,000 for the first six years. The company sold the equipment for $205,000 at the end of 6 years. Determine if the company obtained the expected after-tax rate of return on this investment. E BIVA-A- IX E 33 1 XX, V c T 12pt - Paragraph - MacBook Pro Configure in: Extensions Preferences