Anne Hathaway Inc. bought an equipment for $3,550,000 for a project that lasts for 3 years. The asset will be depreciated using a 3-year MACRS schedule shown below. The depreciation percentage each year is 33.33 percent, 44.45 percent, and 14.81 percent, respectively. What is the book value of the equipment at the end of the project (year 3)? YEAR 1 Depreciation Rate 33.33% 2 44.45% 3 14.81% 4 7.41%