Brock Florist Company bought a new delivery truck for $29,000. It was classified as a light-duty truck. The company sold its delivery truck after three years of service. If a five-year life and MACRS,***, was used for the depreciation schedule, what is the after-tax cash flow from the sale of the truck (use a 40% tax rate) if

a.the sales price was $18,000?

b.the sales price was $9,000?

c.the sales price was $5,000?

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Year 3-Year 5-Year 7-Year 1 2 33.33% 44.45% 14.81% 7.41% 3 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 4 14.29% 24.49% 17.49% 12.49% 8.93% 8.93% 8.93% 4.45% 5 10-Year 10.00% 18.00% 14.40% 11.52% 9.22% 7.37% 6.55% 6.55% 6.55% 6.55% 3.28% 6 7 8 9 10 11