The Pew Company has just completed the fourth year of a five-year Macrs recovery period for a piece of equipment it originally purchased for $400,000. a. What is the book value of the equipment? b. If Pew sells the equipment today for $99,120 and its tax rate is 35%, what is the after-tax cash flow from selling it? Assume that the equipment is put into use in year 1. 5 year MACRS are: 20%, 32%, 19.2%, 11.52%, 11.52%, 5.76%.