Suppose you sell a fixed asset for $$112,000$ when its book value is $$112,000.$ If your company's marginal tax rate is $21$ percent, what will be the effect on cash flows of this sale $($i$.$e$.,$ what will be the after$-$tax cash flow of this sale$)?$

Multiple Choice

$$0$

$$68,320$

$$112,000$

$$34,720$