please help with both

13.

A 4-year project requires the purchase of $120 thousand of equipment that will be depreciated according to the schedule below. If the market value of the equipment is at the end of the 4-year project is $18 thousand and the company's corporate tax rate is 35%, what is the after-tax salvage value of the equipment at the end of the project?

Depreciation Schedule:

Year	1	2	3	4
Annual Depreciation Expense	$18,000	$30,000	$38,400	$14,400

Enter your answer as a full number (not in thousands) with no decimal places of precision (a whole number). Do not enter your answer with commas or the dollar sign.

21.

Suppose Walker Publishing Company is considering bringing out a new finance text whose projected revenues include some revenues that will be taken away from another of Walker's books. The lost sales on the older book are a sunk cost and as such should not be considered in the analysis for the new book.

True

False