The Jones Company has just completed the third year of a$$ five$-$year MACRS recovery period for a piece of equipment it originally purchased for $$$$303,000.$ What is the book value of the$$ equipment? If Jones sells the equipment today for $$$$178,000$ and its tax rate is $21\%,$ what is the$$ after$-$tax cash flow from selling$$ it$?$

Note$$: Assume that the equipment is put into use in year $1.$