Consider the following data extracted for a property. Before…
Consider the following data extracted for a property. Before tax Cash Flow in Year 2 = $88,500 Salvage Value = $15,000 Initial or First Cost = $90,000 Useful Life = 4 years MACRS-GDS Depreciation Deduction in Year 2 = $40,005 Taxes paid in Year 2 = $10,000 What is the after-tax cash flow for Year 2? Select the closest answer.