4. What is the expected after-tax cash flow from selling a piece of equipment if XYZ purchases the equipment today for $88,200.00, the tax rate is 21.00%, the equipment is sold in 3 years for $18,700.00, and MACRS

depreciation is used where the depreciation rates in years 1, 2, 3, and 4 are 40.00%, 35.00%, 20.00%, and 5.00%, respectively?

O $14,773 (plus or minus $10)

O $15.699 (plus or minus $10)

O $1,409 (plus or minus $10)

O $3,484 (plus or minus $10)

O None of the above is within $10 of the correct answer