What is the initial book value of a new piece of equipment given the following information? Note that not all items may be needed Purchase price of new equipment is $98,000. Shipping cost of the new equipment is $4,000. Salvage value of old equipment being replaced is $48,000 Expected salvage value of the new equipment for depreciation purposes is $31,000 Installation cost for the new equipment is $15,000 Tax rate is 20% a, 98000.00 b. 69000.00 O c. 140400.00 d. 134550.00 O e. 113000.00 O f. 117000.00 O g. 102000.00