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Kustom Cars purchased a fixed asset 2 years ago for $47,000 and sold it today for $23,000. The assets are classified as 5-year property for

Kustom Cars purchased a fixed asset 2 years ago for $47,000 and sold it today for $23,000. The assets are classified as 5-year property for MACRS. The MACRS table values are 0.2000, 0.3200, 0.1920, 0.1152, 0.1152, and 0.0576 for Years 1 to 6, respectively. What is the net cash flow from the sale if the tax rate is 34 percent?

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