A firm has just purchased a new piece of equipment for $48,000. The equipment will cost an additional $2,000 to be delivered and installed. Based on IRS guidelines, the equipment will be depreciated using a 3 -year MACRS schedule. The firm plans on using the equipment for three years and then selling the equipment for $15,000. The tax rate facing the firm is 30%. What will be the cash flow from selling the equipment in three years? $11,612 $11,656 $7,094 $11,567 $6,990