Question 40 1 pts Bodacious Company is considering the purchase of a new machine for...

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Question 40 1 pts Bodacious Company is considering the purchase of a new machine for $80,000. The machine would generate an annual cash flow before depreciation and taxes of $28,778 for five years. At the end of five years, the machine would have no salvage value. The company's cost of capital is 12 percent. The company uses straight-line depreciation with no mid-year convention and has a 40 percent tax rate. What is the annual net after-tax cash flow (rounded)? $28,778 $23,667 O $8,633 $6,400

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