Question 45 2.17 pts St. John's Paper has purchased equipment that has a depreciable cost of $1 million. The equipment will be depreciated using a 3-year MACRS schedule. If the company sells the equipment at the end of three years for $400,000, then how much in taxes will be owed as a result of the sale? Assume a tax rate of t = .25 There are no tax consequences. The company would have to pay $82,500 in taxes. The company would have to pay $129,000 in taxes. 0 The company would receive a tax credit of $126,000, i.e., taxes are -$126,000