You purchase a machine for $12,000, depreciated straight-line to a zero value over its 5 year life. If the machine is sold at the end of the second year for $7,500, what are the after tax proceeds from the sale, assuming your tax rate is 30%?

a. $7,200

b. $7,290

c. $7,380

d. $7,410

e. $7,500