A machine was sold in December 20x3 for $24,000. It was purchased in January 20x1 for $30,000, and depreciation of $27,000 was recorded from the date of purchase through the date of disposal. Assuming a 40% income tax rate, the after-tax cash inflow at the time of sale is: (Click here to view PV table.) rev: 04-16-2011

$9,600.

$24,000.

$17,400.

$20,400.

$15,600.