A company invested $3.5 Million in a machine that has salvage value of $400,000 at the end of its 12 years' service life. If the company produces an annual gross income of $965,000 and has $245,000 in operation and maintenance costs. Determine the end of first year after tax cash flow if they use straight line method to depreciate the machine and 40% income tax rate. To access the spreadsheet, click on the download icon next to the sheet title. A new tab will open next to the test tab and you can go back and forth between the sheet and test tabs. Click to open: $277,000 $432,000 $173,666 $258.333