Ring Corporation uses a discount rate of 12% and has a tax rate of 30%. The following cash flows occur in the third year of an equipment selection investment project: Net operating cash inflows of $90,000 and Depreciation deduction of $72,000. The total after-tax present value of the cash flows is closest to A. $10,152 B. $34,603 C. $60,235 D. $79,459