Question: 6) Your company is evaluating a new project that will require the purchase of an asset for $32,000 installed. The asset will be depreciated using

6) Your company is evaluating a new project that will require

6) Your company is evaluating a new project that will require the purchase of an asset for $32,000 installed. The asset will be depreciated using 3-year MACRS. The asset will be operated for 3 years and expected to have a market value of $6,000 at the end of 3 years. Assuming tax rate is 30%. Using the tax rates from the provided table, what is the book value of the asset after 3 years? Year 3-year 5-year 7-year 1 0.333 0.2 0.143 2 0.445 0.32 0.245 3 0.148 0.192 0.175 4 0.074 0.115 0.125 5 0.115 0.089 6 0.058 0.089 7 0.089 8 0.045 9 10 11 O 2,368.00 2,500.50 3,000.00 0 2,750.00 O 2,000..75

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