Question 8 1 pts Glove Co.is considering a proposal to replace an existing stitching machine for producing a new line of baseball gloves. The machine is expected to have a four-year useful life and will be depreciated according to 3-year MACRS (-25, .38, .37). The machine will cost the company $100,000. The machine will be fully depreciated and will have an ending market value of $20,000. Expanding the product line will make the company $40,000 per year. Assume a tax rate of 40 percent. What are the net cash flows in Year 2? None of these $55,200 -$40,000 $40,000 Question 9 1 pts For Glove Co., what is the after-tax value of the depreciation in Year 3? $37,000 None of these $14,800 $20,000