Crafter's Supply Purchased Some Fixed Assets 2 Years Ago at a Cost

Multiple Choice

Crafter's Supply purchased some fixed assets 2 years ago at a cost of $38,700.It no longer needs these assets so it is going to sell them today for $25,000.The assets are classified as 5-year property for MACRS.What is the net cash flow from this sale if the firm's tax rate is 30 percent?

A) $13,122.20
B) $18,576.00
C) $20,843.68
D) $23,072.80
E) $25,211.09