Year 1 14.29% Year 1 24.49% MACRS Depreciation Rate Year 2 17 49% Year 3 12.49% Year 4 8.93% Year 5 8.92% Year 6 8.93% Year 7 4.46% A textile company invests $11 million in an open-end spinning machine. This was depreciated using the seven-year MACRS schedule shown above. If the company sold it immediately after the end of year 3 for 58 million, what would be the after-tax cash flow from the sale of this asset, given a tax rate of 40%? DA. 53,436,000 B. $4,564,000 OC. $6,174,400 OD. $1,825,600