Problem 3. Use the following MACRS Table and the following information: Revenue of the year is $ 180,000. All other business expenses $95,000 can be written-off in the same year. Business Debt interest paid is $12,000. The ordinary income tax marginal tax rate is 35% and capital gain tax rate is 20%. In addition, a 7-year equipment has been depreciated for 4 years (This year is the 4th year of the depreciation) and is sold for $20,000 at the end of this year. This equipment was purchased at an original cost of $60,000. Calculate the After Tax Cash Flow including cash from the business operation and after tax cash received from selling the machine. Table A-1. 3.5-.7-. 10-, 15- and 20-Year Property Half-Year Convention Depreciation rate for recovery period 3-year 5-year 7-your 10-year 16-year 20.0096 10.009 5.00 18.00 100 17.40 10.00 7.41 12.49 7.70 20-your 7.ie 0.177 01.29 aga fo 1.402 5. AKO %48 HAUN ODNO DAWN 5.91 5.80 5.91 5.90 5.91 10 1.401 1.401 6.40 1.402 2.251