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Click Submit to complete this assessment. Question 5 of 5 Save Answer Question 5 16 points A Tampa based contract manufacturer purchased a new CNC lathe to accommodate a new customer's needs on March 9, 2017 (i.e. three years ago) for $31,700. The lathe has a useful life of 15 years and will be depreciated according to a 5 year MACRS schedule. They are now preparing to sell this asset in June 2020 for $11,100. If the company's combined marginal tax rate is 25.35%, which of the following best represents the net proceeds from this sale? IE 320 Formula Sheet 01272017.pdf Interest Tables.pdf 2. $23,043 b. $11,372 c. - $280 d. $1,080 Click Submit to complete this assessment. Question 5 of 5 Save and submit Click Submit to complete this assessment. Question 5 of 5 Save Answer Question 5 16 points A Tampa based contract manufacturer purchased a new CNC lathe to accommodate a new customer's needs on March 9, 2017 (i.e. three years ago) for $31,700. The lathe has a useful life of 15 years and will be depreciated according to a 5 year MACRS schedule. They are now preparing to sell this asset in June 2020 for $11,100. If the company's combined marginal tax rate is 25.35%, which of the following best represents the net proceeds from this sale? IE 320 Formula Sheet 01272017.pdf Interest Tables.pdf 2. $23,043 b. $11,372 c. - $280 d. $1,080 Click Submit to complete this assessment. Question 5 of 5 Save and submit