(Chapter 9) A dry cleaner invests $72,000 in an industrial washing machine. This machine is depreciated using the five-year MACRS schedule which is as follows: year 1- 20.00%, year 2 - 32.00%, year 3 - 19.20%, year 4 - 11.52%, year 5 - 11.52 %, and year 6 - 5.76%. If the company sold it immediately after the end of year 3 for $46,000, and net working capital declined by $30,000 in that year, what would be the terminal cash flow, given a tax rate of 20%? $20,736.21 O $70,947.20 $40,947.20 O $20,736 10,947.20

(Chapter 9) A dry cleaner invests $72,000 in an industrial washing machine. This machine is depreciated using the five-year MACRS schedule which is as follows: year 120.00%, year 232.00%, year 3 - 19.20%, year 411.52%, year 511.52%, and year 65.76%. If the company sold it immediately after the end of year 3 for $46,000, and net working capital declined by $30,000 in that year, what would be the terminal cash flow, given a tax rate of 20% ? $20,736.21 $70,947.20 $40,947.20 $20,736 10,947.20