Reversing Rapids Co. purchases an asset for $164,185. This asset qualifies as a five-year recovery asset under MACRS.
The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%.
The asset is sold at the end of year 4 for $10,740. Calculate After-Tax Cash Flow at disposal. Round the answer to two decimals.