Jerrod Corp. purchases new equipment (7-year MACRS property) on April 14, 2023, as a cost of $645,000. Jerrod Corp. also purchases new machines (5-year MACRS property) on August 20, 2023, at a cost of $435,000. Jerrod wants to maximize its deductions for the year; assume that no taxable income limitations apply. What is Jerrod's total MACRS deduction for 2023?
a. $925,722
b. $179,171
c. $840,000
d. $1,080,000
e. None of the choices presented are correct.