Goodyear Co. is installing a new tire manufacturing line. The previous generation machine line the company purchased 3 years ago for $55 million and used until now was depreciated straight line over the assumed life of 5 years. The old machine line can be sold, and Goodyear has found a buyer willing to pay $15 million for the line of equipment. Goodyear's tax rate is 21%. Calculate the after-tax cash flow from the sale of the equipment. Answer $[a1]:

Goodyear Co. is installing a new tire manufacturing line. The previous generation machine line the company purchased 3 years ago for $55 million and used until now was depreciated straight line over the assumed life of 5 years. The old machine line can be sold, and Goodyear has found a buyer willing to pay $15 million for the line of equipment. Goodycar's tax rate is 21% Calculate the after-tax cash flow from the sale of the equipment. Answer \$[a1]