Custom Cars Purchased $39,000 of Fixed Assets Two Years Ago

Multiple Choice

Custom Cars purchased $39,000 of fixed assets two years ago that are classified as 5-year MACRS property.The MACRS rates are 20 percent,32 percent,19.2 percent,11.52 percent,11.52 percent,and 5.76 percent for Years 1 to 6,respectively.The tax rate is 21 percent.If the assets are sold today for $19,000,what will be the aftertax cash flow from the sale? Ignore bonus depreciation.

A) $16,358.88
B) $17,909.09
C) $18,720.00
D) $18,941.20
E) $19,000.00