Using Doble Declinging Balance Method. Your company has just signed a three-year nonrenewable contract with the city of New Orleans for earthmoving work. You are investigating the purchase of heavy construction equipment for this job. The equipment cost $200,000 and quilifies for 5 years depreciatioin. At the end of the 3 years contract you expected to be able to sell the equipment for $70,000. If the projected operating expense for the equipment is $65,000 per year, what is the after-tax equivalent uniform annual cost of owning and operating this quipment. The effective income tax rate is 40% and the after-tax MARR is 12 per year.