What is the cash inflow from the sale of these vehicles

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Reference no: EM131559673

Alpha Car Rental purchased 6 cars for a total of $120,000 three years ago. Now it is replacing the cars with newer vehicles. The book value company has depreciated 93% of the old cars, and sold these cars for a total of $ 30,000. Assume a tax rate of 40%. What is the cash inflow from the sale of these vehicles?

Reference no: EM131559673

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