Use the table below to answer this question.

MACRS 5-year property
Year	Rate
1	20.00%
2	32.00%
3	19.20%
4	11.52%
5	11.52%
6	5.76%

Ronnie's Custom Cars purchased some fixed assets two years ago for $75,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered $39,500 for his old assets. What is the net cash flow from the salvage value if the tax rate is 34 percent?

$36,000.00

$30,476.40

$38,310.00

$33,414.00

$39,500.00