13 Your firm purchased machinery with a 7-year MACRS life of $100,000. (Depreciation schedule given below). The project however will end after 3 years at which time the equipment will be sold for $45,000. Your firm's tax rate is 40%. What is the after-tax cash flow at the end of the third year? 1 2 Year 3 4 5 6 7. 8 14% 25% 17% 13% 9% 9% Depreciation rate 9% 4%