Your company is contemplating the purchase of a large stamping machine. The machine will cost $192,000. With additional transportation and installation costs of $5,000 and $12,000, respectively, the cost basis for depreciation purposes is $209,000. Its MV at the end of five years is estimated as $47,000. The IRS has assured you that this machine will fall under a three year MACRS class life category. The justifications for this machine include $37,000 savings per year in labor and S32000 savings per year in reduced materials The before-tax MARR is 22% per year, and the effective income tax rate is 46% what is the taxable income for year three? Click the icon to view the GDS Recovery Rates () for the 3-year property class Choose the nearest answer below More Into O A. The taxable income for year three is $69,000 O B. The taxable income for year three is $38,047 O C. The taxable income for year three is $30,953 O D. The taxable income for year three is $40,565 O E. The taxable income for year three is $15,487 GDS Recovery Rates( Year3year Property Class 0.3333 4445 0.1481 0.0741 Print Done