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 $ 298 comma 000. a. What is the book value of the equipment? b. If Jones sells the equipment today for $ 180 comma 000 and its tax rate is 25 %, what is the after-tax cash flow from selling it? Note: Assume that the equipment is put into use in year 1.