4. Assume that the combined federal and state income tax rate for Darwin Company is 25%. Requirements 1. The book value of an old machine is $100.000. Darwin sold the machine for $45,000 cash. What is the effect of this decision on after-tax cash flows? 2. The book value of an old machine is $100.000. Darwin sold the machine for $155,000 cash. What is the effect of this decision on after-tax cash flows? Requirement 1 and 2. What is the effectof each decision on the company's after ax cash flows? Begin by selecting the labels needed to calculate the after-tax cash flows for requirement 1 and 2, and then enter the amounts to determine the after-tax effect on cash for each requirement. (Use parentheses or a minus sign for a loss and tax payment on gain.) on sale Requirement 1 Sales proceeds of $45,000 Requirement 2 Sales proceeds of $155,000 Pre-tax gain (loss) on sale Net cash inflow from sale (2) O (3) O O Book value of asset sold O Cash proceeds of sale O Tax savings /tax paid O Book value of asset sold O Cash proceeds of sale O Tax savings / tax paid O Book value of asset sold O Cash proceeds of sale O Tax savings /tax paid