Crane Corporation just purchased computing equipment for $21,000. The equipment will be depreciated using a five year MACR depreciation schedule. If the equipment is sold at the end of its fourth year for $15.000, what are the after-tax proceeds from the sale, assuming the marginal tax rate is 35 percent Round answer to 2 decimal places 1525) EXHIBIT 11.7 MACRS Depreciation Schedules by Allowable Recovery Pried The MACRS schedule is the depreciations that time to place to he Tax Act of 1936 effect. The them e of the the that can be decidin each year during the period that is being dea ther in which the s plendinice. Yer Year S.Year 7 Year 10-Year 15 Year 20.Year 14.295 1145 18.00 14.81 7.41 11.52 12.00 1152 516 LE TREE After tax proceeds $