please explain how to solve both, step- by step

John Wall Inc. is launching a line of "2" branded items in a project that involves equipment that will be purchased today for $120000 and a tax rate of 40%. What would the after-tax cash flow be if the equipment is sold in 2 years for $30000 and the equipment is depreciated straight-line to $10000 over 4 years? Selected Answer: [None Given] Correct Answer: 44,000 Answer range +/- 88 (43912 - 44088 ) uestion 2 O out of 10 points John Wall Inc. is launching a line of "2" branded items in a project that involves equipment that will be purchased today for $170000 and a tax rate of 10%. What would the after-tax cash flow be if the equipment is sold in 2 years for $50000 and MACRS depreciation is used where the depreciation rates in years 1, 2, 3, and 4 are 50%, 40%, 20%, and 20%, respectively? Selected Answer: [None Given] Correct Answer: 46,700 Answer range +/- 93.4 (46606.6 - 46793.4)