HD just purchased $68,800 of equipment that is classified as 5-year MACRS property. The MACRS rates are 20 percent, 32 percent, 19.2 percent 11.52 percent11.52 percent , and 5.76 percent for Years 1 to 6, respectively. HD estimates that at the end of year 4he could sell the equipment for $12,000. What would be the after-tax proceed from selling the equipment at that time, assuming a 21% tax rate?