Garage Corporation's return on investment (RO) on some new equipment was 20% using beginning-of-year net book value. The gross book value of the equipment is $330,000. Accumulated depreciation at the beginning of the year was $13,200. This represents one-half year's straight-line depreciation. What is the annual before-tax cash flow from the new equipment? Multiple Choice $89,760 $79,200 $63,360 $26,400