What is the cash inflow from the sale of these vehicles

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Reference no: EM131215718

Alpha Car Rental purchased 5 cars for a total of $100,000 three years ago. Now it is replacing the cars with newer vehicles. The company has depreciated 92.59% of the old cars, and sold these cars for a total of $ 25,000. Assume a tax rate of 40%. What is the cash inflow from the sale of these vehicles?

a. $25,000

b. $15,000

c. $19,164

d. $16,500

Reference no: EM131215718

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