7 I will upvote

A firm has just completed a 5-year project and sold the equipment for $3,600. The equipment was purchased 5 years ago for $26,000. The firm depreciated the equipment using the accelerated depreciation (MACRS) schedule given below: Years MACRS 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 16 5.76% What are the after-tax proceeds from the sale of the equipment, assuming the tax rate is 35.00%? $2,578 O $2,340 O $2,692 $2.864 $2.921