Houdini Entertainment Corp. provides premier magic shows. The company is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $147,560. The equipment will have an initial cost of $476,000 and have a 5-year life. If the salvage value of the equipment is estimated to be $21,000, what is the annual net cash flow? Multiple Choice $126,560 $56,560 $238,560 $168,560