Phil's Diner purchased some new equipment two years ago for $89,500. Today, it is selling this equipment for $67,000. What is the after-tax cash flow from this sale if the tax rate is 35 percent? The MACRS allowance percentages are as follows, commencing with year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.