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problem: Daniel’s Custom Cars purchased some fixed assets two years ago for 39,000 dollar. The assets are classified as five year property for MACRS. Daniel is considering selling these assets now so he can buy some newer fixed assets which operate the latest in technology. Daniel has been offered 19,000 dollar for his old assets. find out the net cash flow from the salvage value if the tax rate is 34%?

[A] $16,358.88

[B] $17,909.09

[C] $18,720.00

[D] $18,904.80

[E] $19,000.00

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