On January 1, 2018, McHenry Manufacturing Company purchased a machine for

$40,800,000.

McHenry's management expects to use the machine for

34,000

hours over the next six years. The estimated residual value of the machine at the end of the sixth year is

$40,000.

The machine was used for

4,400

hours in 2018 and

6,000

hours in 2019. Calculate the book value of the machine at the end of 2019 if the company uses the

unitsofproduction

method of depreciation. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

A.

$35,525,192

B.

$28,332,272

C.

$40,800,000

D.

$28,320,000