Crystal Co. is considering investing in equipment for $200,000 which it expects will last ten years and then be worthless. Crystal is in the 21% tax bracket. The company expects the equipment will generate $24,000 in net income before taxes annually over the next 10 years. What is the expected after-tax cash flow for this equipment?

a. $38,960
b. 18,960
c. $14,760
d. $34,760