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 $$297,000.$

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

b$.$ If Jones sells the equipment today for $$175,000$ 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.$)$