4. You purchased a 3-year class equipment for $50,000.00. You sold it during the 2 nd year for $35,000.00. The incomes from this equipment are $12,000.00 in the first year and $9,000 in the 2 nd year. The MACRS depreciation allowance is 33.33% in the first year and 44.45% in the 2 nd year. Fill up the following table to determine after tax cash flow for this investment. Assume that you are in a 21% tax bracket and the capital gains/loss tax is 15%. Yr. Income Depreciation Depreciation Income Tax Taxable Income After Tax Cash Flow