10. 13.65 An asset purchased for $100,000 with S = $2,000 after 5 years was depreciated using the 5-year MACRS rates. Expenses average $18,000 per year and the effective tax rate is 30%. The asset is actually sold after 5 years of service for $22,000. MACRS rates in years 5 and 6 are 11.52% and 5.76%, respectively. The after-tax cash flow from the sale is closest to: 1. $27,760 2. $17,130 3. $26,870 4. $20,585