The cost of an equipment is $48,000 and its useful life is 12 years. Its salvage value is $6,000 and annual benefits are $8,000. The estimates are assumed to be in today's dollars. This equipment is depreciated using straight line method. Determine the cash flow after taxes for the third year if inflation rate is 10% and tax rate is 25%. (15 points) YR Before tax cash Before tax Depreciation Taxable Tax amount After tax After tax Flow_R$ cash Flow _A$ income cash cash Flow Flow_A$ _R$ 3