Ring Corporation uses a discount rate of 12% and has a tax rate of 30 % The following cash fows occur in the third year of an equipment selection investment project Net operating cash inlows. Depreciation deduction. $90,000 $72,000 The total after-tax present value of the cash flows is closest to Select one a. $10,152 b. 534,603 $60,235 d $79 459