Computation of After-Tax Cash Flows Postman Company is considering two independent projects. One project involves a new product line, and the other involves the acquisition of forklifts for the Materials Handling Department. The projected annual operating revenues and expenses are as follows: Project I (investment in a new product) Revenues $270,000 Cash expenses (135,000) Depreciation (45,000) Income before income taxes $90,000 Income taxes 36,000 Net income $54,000 Project II (Acquisition of Two Forklifts) Cash expenses $90,000 Depreciation 90,000 Required: Compute the after-tax cash flows of each project. The tax rate is 40 percent and includes federal and state assessments. Enter cash outflows as negative amounts and cash inflows as positive amounts. Cash Flows Project 1 99,000 Project II $36,000 x Feedback Cher My Work