10-You are considering the purchase of a new machine for $70,000. The machine into MACRS-5 years category, and it can be depreciated according to the rates given below. The firm expects to operate the machine for 4 years and then to sell it for $12,500. If the marginal tax rate is 40%, what will the after-tax cash flow from selling the machine at the end of Year 4?

Year Depreciation Rate

1 0.20

2 0.32

3 0.19

4 0.12

5 0.11

6 0.06

a) $10,560

b) $9,700

c) $12,260

d) $11,580

e) $10,900

NEED to see the work and formulas PLZ. Will rate! :)