The Golden Shades Corporation disposes a capital asset with an original cost of $280,000 andaccumulated depreciation of $160,000 for a salvage price of $50,000. Golden Shades' tax rate is 40%.
Calculate the after-tax cash inflow from the disposal of the capital asset.

The Venoid Corporation has an annual cash inflow from operations from its investment in a capitalasset of $16,000 each year for six years. The corporation's income tax rate is 30%. Calculate the totalafter-tax cash inflow from operations for six years.