As production manager, you are overseeing the shutdown of a production line for a discontinued product.

Some of the equipment can be sold for $50,000. The equipment was originally purchased and put into use five years ago for $500,000 and is being depreciated according to the five-year MACRS schedule (so that you are five years into the six years of the 5-year MACRS schedule). If your marginal tax rate is 25%, what is the after-tax cash flow you can expect from selling the equipment?