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 $299,000, a. What is the book value of the equipment? b. It Jones sells the equipment today for $176,000 and its tax rate is 21%, what is the after-tax cash flow from selling it? c. Just before it is about to sell the equipment Jones receives a new order it can take the new order if it keeps the old equipment. Is there a cost to taking the ordet and if so, what is it? Explain. (Assume the new order will consume the remainder of the machine's useful life) 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 collat.) b. I Jones sells the equipment today for $176,000 and its tax rate is 21%, what is the after-tax cash flow from selling it? The total atter tax proceeds from the solare (Round to the nearest dollar) c. Just before it is about to sell the equipment, Jones receives a new order it can take the new order if it keeps the old equipment is there a cont to taking the order and if so, what is it? Explain. (Assume the new order will consume the remainder of the machine's useful life) (Select the best choice below) O A. Yes, the cost of taking the order is the lost $86,112 in book value OB. No, Jones already owns the machine, so there is no cost to using it for the order OC. Yes, the cost of taking the order is the extra depreciation on the machine OD. Yes, the cost of taking the order is the last after-tax cash flow of S157 124 from selling the machine