Assume a corporation has earnings before depreciation and taxes of $120,000, depreciation of $25,000, and that it has a 30% combined tax bracket. What are the after-tax cash flows for the company? Multiple Choice $91,500 $86,300 $96,100 $95,300 The Wet Corp. has an investment project that will reduce expenses by $30,000 per year for 3 years. The project's cost is $20,000. If the asset is part of the 3-year MACRS category (33.33% first year depreciation) and the company's combined tax rate is 36%, what is the cash flow from the project in year 1? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $21,050 $22,380 $21,600 $23,060 Firm X is considering the replacement of an old machine with one that has a purchase price of $85,000. The current market value of the old machine is $22,000 but the book value is $40,000. The firm's combined tax rate is 36%. What is the net cash outflow for the new machine after considering the sale of the old machine? Disregard the effect of depreciation of the new machine if acquired. Multiple Choice $56,520 $53,120 $62,390 $68,870