You own some equipment which you purchased three years ago at a cost of $135,000. The equipment is 5-year property for MACRS. You are considering selling the equipment today for $82,500. Which one of the following statements is correct if your tax rate is 34%?

MCRS 5-year Property
YEAR	RATE
1	20.00%
2	32.00%
3	19.20%
4	11.52%
5	11.52%
6	5.56%

Select one:

a. The tax due on the sale is $14,830.80.

b. The book value today is $8,478.

c. The book value today is $64,320.

d. The taxable amount on the sale is $38,880.

e. You will receive a tax refund of $13,219.20 as a result of this sale.