Suppose you sell a fixed asset for $127,000 when it's book value is $159,000. If your company's marginal tax rate is 33%, what will be the effect on...

Suppose you sell a fixed asset for $127,000 when it's book value is $159,000. If your company's marginal tax rate is 33%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)?

$137,560

$21,440

$32,000

$159,000