What is the net cash flow from the salvage value if the tax, Financial Management

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What is the net cash flow from the salvage value if the tax

Kustom Cars purchased a fixed asset two years ago for $39,000 and sold it today for $19,000. The assets are classified as 5-year property for MACRS. The MACRS table values are 0.2000, 0.3200, 0.1920, 0.1152, 0.1152, and 0.0576 for Years 1 to 6, respectively. What is the net cash flow from the salvage value if the tax rate is 21 percent?

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Financial Management: What is the net cash flow from the salvage value if the tax

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Financial Management: What is the net cash flow from the salvage value if the tax

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