Weinstein Co. is interested in investing in a piece of equipment that will cost $86,000. The equipment is expected to last for 10 years and then be worthless. Weinstein expects the equipment will earn $15,000 per year before taxes. Assuming the tax rate is 21%, how much is the expected cash flow after tax for this piece of equipment? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $11,850 b $20,450 $5,056 $18,644 Olcott, Inc. had taxable income of $47,000. The company received $8,000 in interest on a municipal bond during the year and had $11,000 in income tax expense, $2,000 in penalties, and $4,000 for business meals with clients. How much was Olcott's net income for the year? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $42,000 b $54,000 $24,000 d $63,000