QUESTION 6 An asset was purchased for $200,000 originally. Each year for the past 8 year, depreciation has been recorded which results in the asset having a current book value of $120,000. Now your firm is selling the asset for $145,000. What will be the total tax burden (or tax credit) caused by this sale? If it is a tax burden, enter the number as a positive number. If it is a tax credit, enter the number as a negative number. Assume a tax rate of 40%. QUESTION 7 Find the payback period for the following project. Year CF 0 -50 30 14 10 14