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 $296,000. a. What is the book value of the equipment? b. If Jones sells the equipment today for $180,000 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 . a. What is the book value of the equipment? The book value of the equipment after the third year is $ (Round to the nearest dollar.) b. If Jones sells the equipment today for $180,000 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 S. (Round to the nearest dollar.)