You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $147,000. What will the book value of this equipment be at the end of 3 years should you decide to resell the equipment at that point in time? (Hint: Its asking for book value, not after-tax salvage value)

Group of answer choices

$8,467.20

$42,336.00

$25,401.60

$121,598.40