Max Inc purchased a trimmer for $ 91,000 ( 5 years MACRS) and sold the tree trimmer after four years of service. If MACRS was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer ( use a 40% tax rate) if the sales price was $35,000?

TABLE 10.4 MACRS Fixed Annual Expense Percentages by Recovery Class Year 3-Year 5-Year 7-Year 20-Year 10-Year 10.00% 1 33.33% 20.00% 14.29% 15-Year 5.00% 9.50% 3.750% 2 44.45% 32.00% 24.49% 18.00% 7.219% 3 19.20% 17.49% 14.40% 8.55% 6.677% 14.81% 7.41% 4 11.52% 12.49% 11.52% 7.70% 6.177% 5 11.52% 8.93% 9.22% 6.93% 5.713% 6 5.76% 8.93% 7.37% 6.23% 5.285% 7 8.93% 6.55% 5.90% 4.888% 8 4.45% 6.55% 6.56% 5.90% 5.91% 4.522% 4.462% 9 10 6.55% 5.90% 4.461% 11 3.28% 5.91% 4.462% 12 5.90% 4.461% 13 5.91% 4.462% 14 5.90% 4.461% 15 5.91% 4.462% 16 2.95% 4.461% 17 4.462% 18 4.461% 19 4.462% 20 4.461% 21 2.231%