Five years ago, Frater Zahn’s Company invested ₤38 million—₤30 million in fixed capital and another d8 million in working capital—in a bakery. Today, Frater Zahn’s is selling the fixed assets for ₤21 million and liquidating the investment in working capital.

The book value of the fixed assets is ₤15 million and the marginal tax rate is 40%. The fifth year’s after-tax nonoperating cash flow to Frater Zahn’s is closest to:

A. ₤20.6 million.

B. ₤23.0 million.

C. ₤26.6 million.