-A firm has decided to sell equipment that they purchased five years ago for $10,000. The firm depreciated 50% of the equipments value. The firm is planning on selling the equipment for $7,767. If the tax rate is 25% what is the net sale price (after tax salvage value)?

-J's Foods is trying to estimate the cash flows in their first year of operation. They project that the firm will have sales of 100,000; operating costs of 50,000; and depreciation of 10,000. If their tax rate is 28% what would the firm's operating cash flow equal?