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Question 3 40 pts 3) A water transportation equipment costs $675,000 has been purchased by a contract company duration is 6-year contract. The company uses the MACRS depreciation method for this equipment. The income tax rate is 31%, and it expects to have an after tax rate of return of 15% for all its investments. The equipment generated an annual income of $185,000 for the first six years. The company sold the equipment for $205.000 at the end of 6 years. Determine if the company obtained the expected after-tax rate of return on this investment. BIVA-A-LEE 33 *, E