Edward's Manufactured Homes purchased some machinery 2 years ago for $319,000. These assets are classified as 5- year property for MACRS. The company is replacing this machinery today with newer machines that utilize the latest in technology. The old machines are being sold for $140,000 to a foreign firm for use in its production facility in South America. What is the after tax salvage value from this sale if the tax rate is 35 percent? MACRS 5-year property Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76% Select one: a. $135,408 b. $144,592 c. $146,820 d. $142,312 e. $140,000