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Alpha Car Rental purchased 5 cars for a total of $200,000 three years ago. Now it is replacing the cars with newer vehicles. The company

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Alpha Car Rental purchased 5 cars for a total of $200,000 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 $ 40,000. Assume a tax rate of 34%. What is the cash inflow from the sale of these vehicles? $16,000 O $31,439 O $26,000 O $17,500 Alpha Car Rental purchased 5 cars for a total of $200,000 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 $ 40,000. Assume a tax rate of 34%. What is the cash inflow from the sale of these vehicles? $16,000 O $31,439 O $26,000 O $17,500

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