The Jones Company has just completed the third year of a$$ five$-$year MACRS recovery period for a piece of equipment it originally purchased for $ $299$ comma $000.$

a$.$ What is the book value of the$$ equipment?

b$.$ If Jones sells the equipment today for $ $177$ comma $000$ and its tax rate is $21\%,$ what is the$$ after$-$tax cash flow from selling$$ it$?$

Note$$: Assume that the equipment is put into use in year $1.$

Question content area bottom

Part $1$

a$.$ What is the book value of the$$ equipment?

The book value of the equipment after the third year is $$$

$$

enter your response here. $($Round to the nearest$$ dollar.$)$

Part $2$

b$.$ If Jones sells the equipment today for $ $177$ comma $000$ and its tax rate is $21\%,$ what is the$$ after$-$tax cash flow from selling$$ it$?$

The total$$ after$-$tax proceeds from the sale will be $$$

$$

enter your response here. $($Round to the nearest$$ dollar.$)$