Teach Marine Contractors is planning to purchase a dredging pump which has a 3 year class life. The depreciable basis of the machine is 100,000. The company's marginal tax rate is 40% if the company uses MACRS, and the machine is sold after two years for $20,000 what will be the after-tax cash flow associated with the disposal? (The table below provides the 3-yr MACRS rates.) Year 1 2 3 4 Percentage 33% 45% 15% 7% Select one a $ 13,200 b. $ 19,200 c$ 22.000 d. $ 11,000 e. 5 20,800