Question: Suppose you sell a fixed asset for $109,000 when its book value is $129,000. If your companys marginal tax rate is 39 percent, what will

Suppose you sell a fixed asset for $109,000 when its book value is $129,000. If your company’s marginal tax rate is 39 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)?

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