a firm has just completed a 5-year project and sold the equipment for $3,000. The equipment was purchased 5 years ago for $12,000. 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%
6	5.76%

What are the after tax proceeds from the sale of the equipment, assuming the tax rate is 25.00%?

A) $2,860

B) $2,489

C) $2,475

D) $2,648

E) $2,542