Suppose you sell a fixed asset for $99,000 when its book value is $129,000. If your company's marginal tax rate is 21 percent, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)?
A) $80,700
B) $105,300
C) $77,300
D) $84,800

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The Answer of Suppose you sell a fixed asset for $99,000 when its book value is $129,000. If your company's marginal tax rate is 21 percent, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)?
A) $80,700
B) $105,300
C) $77,300
D) $84,800

Suppose You Sell a Fixed Asset for $99,000 When Its