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 $300,000 a. What is the book value of the equipment? b. If Jones sells the equipment today for $175,000 and its tax rate is 35%, 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 $175,000 and its tax rate is 35%, what is the after-tax cash flow from selling it? The total after-tax proceeds from the sale will be $(Round to the nearest dollar)