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Here's the problem: Bar T Ranches, Inc.

This question was answered on Apr 29, 2010. View the Answer
I cannot find any help in the textbook for this problem.  As I'm taking an online course, finding alternative forms of help proves difficult.  Here's the problem:
Bar T Ranches, Inc. is considering buying a new helicopter for $350,000. The company's old helicopter has a book value of $85,000, but will only bring $60,000 if it is sold. The old helicopter can be depreciated at the rate of $13,500 per year for the next four years. The new helicopter can be depreciated using the 5-year MARCS schedule. The new helicopter is expected to save $62,000 after taxes through reduced fuel and maintenance expenses. Bar T Ranches is in the 34% tax bracket and has a 12% cost of capital.
a. What is the cash inflow from selling the old helicopter?
b. What is the net cost of the new helicopter?
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This question was asked on Apr 27, 2010 and answered on Apr 29, 2010.

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