Sad Company bought a new machine that cost $80,000 on 1/1/20. The machine had a useful life of 8 years. Sad Company used straight-line depreciation with an estimated salvage value of $0. Sad Company is subject to an income tax rate of 80%. Sad Company sold the machine on 1/1/23 (after using the machine for exactly 3 full years.) In the next 3 questions, you are to determine the Net Cash Inflow (NCF) from the sale of the machine on 1/1/23.

1. If the machine was sold on 1/1/23 for $70,000, the Net Cash Inflow (NCF) is: A. $64,000 B. $54,000 C. $74,000 D. $44,000

2. If the machine was sold on 1/1/23 for $40,000, the Net Cash Inflow (NCF) is: A. $58,000 B. $68,000 C. $48,000 D. $38,000

3. If the machine was sold on 1/1/23 for $50,000, the Net Cash Inflow (NCF) is: A. $0 B. $60,000 C. $50,000 D. $40,000