Compute the total cash flow generated if a corporation sells an old truck which was purchased 2 years ago for $100,000. It was depreciated as a 5 year MACRS asset. (Depreciation rate is .20 and .32 for year 1 and 2, respectively.)Assume the tax rate is 40%. Calculate the cash flows from this sale for case a and b below:

a) Assume it is sold for 70,000. b) Assume it is sold for 10,000.