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1. Bancroft Company is considering purchasing a machine costing $70,000 that will save power costs of $20,000 per year for each of 4 years. The

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1. Bancroft Company is considering purchasing a machine costing $70,000 that will save power costs of $20,000 per year for each of 4 years. The machine will depreciate on a straight-line basis with $0 salvage value. The tax rate is 30%. What are cash flows after taxes each year? A. $17,500 B. $18,000 C. $19,000 D. $19,250 E. $19,500

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