1. A company is investing $800,000 to add a new machine to its production line. The installation cost is $20,000. The machine will be sold at the end of year 3 for $600,000 before taxes. The equipment purchase falls under the three year MACRS depreciation schedule ( 33.33%, 44.45%, 14.81%, 7.41%). The tax rate is 30%. What is the after tax selling price of the machine? in year 3

   	a.	$600,000
   	b.	$438,229
   	c.	$420,547
   	d.	$490,650
   	e.	None of the above