19. Your new employer, Freeman Software, is considering a new 4-year project whose data are shown below. The allowed (MACRS) depreciation rates for such property are 33.33%, 44.45%, 14.81%, and 7.41% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10-year expected life. What is the Year 2 operating cash flow? Equipment cost (depreciable basis) Sales revenues, each year Operating costs (excl. deprec.) Tax rate $65,000 $60,000 $25,000 35.0% Use box on last page 20. When the project above ends after 4 years, the equipment is salvaged for $15,000. What is the after- tax cash flow or after-tax salvage value Freeman will recognize on this equipment? Use box on last page