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Reversing Rapids Co. purchases an asset for $198,053. This asset qualifies as a fiveyear recovery asset under MACRS. The five-year expense percentages for years 1,

image text in transcribed Reversing Rapids Co. purchases an asset for $198,053. This asset qualifies as a fiveyear recovery asset under MACRS. The five-year expense percentages for years 1, 2 , 3 , and 4 are 20.00%,32.00%,19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%. The asset is sold at the end of year 4 for $12,104. Calculate After-Tax Cash Flow at disposal. Round the answer to two decimals. Your

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