2. (50) As an expansion to one of its current product lines, a company invests $400,000 in equipment. The expansion generates a profit of $120,000 per year. The equipment has a class life of 5 years and is depreciated according to MACRS GDS with the half year convention. However, after 5 years the expansion is discontinued, and the equipment is sold for $80,000. Assume the federal tax rate is 21% and the state tax rate is 8%. Find the after tax cash flow for this expansion. Round all results to whole dollars. You may have losses in some years, which result in a tax payment to you (more likely reduced taxes elsewhere in the company)