Portsmouth Printing Corporation recently purchased a truck for $31,000. Under MACRS, the first year's depreciation was $6,200. The truck driver's salary in the first year of operation was $42,000. The company's tax rate is 30 percent. Required: 1- Calculate the after-tax cash outflow for the acquisition cost and the salary a. expense. After-Tax Cash Outflow Acquisition cost Salary expense 1- Calculate the reduced cash outflow for taxes in the first year due to the b. depreciation. Reduced cash outflow