11. Suppose a project requires purchasing equipment worth $10m. After 4 years the equipment will be sold for $2 m. Calculate after-tax cash flow associated with the sale of the equipment if corporate tax rate is 35%. Assume the equipment needed for the project is depreciated according to MACRS 5-year depreciation schedule: 5-year MACRS: Year 0: 20% Year 1: 32.0% Year 2: 19.2% Year 3: 11.52% Year 4: 11.52% Year 5: 5.76%