QUESTION $3$

What is the expected after$-$tax cash flow from selling a piece of equipment if Probst purchases the equipment today for $$542,980\mathrm{.}00,$ the tax rate is $34\mathrm{.}3$ percent, the

equipment will be sold in $3$ years for $$103,000\mathrm{.}00,$ and the equipment will be depreciated to $$60,600\mathrm{.}00$ over $12$ years using straight$-$line depreciation?

$$212,549\mathrm{.}05($plus or minus $$10)$

$$240,125\mathrm{.}11($plus or minus $$10)$

$$109,035\mathrm{.}08($plus or minus $$10)$

$-$$$41,878\mathrm{.}05($plus or minus $$10)$

None of the above is within $$10$ of the correct answer