Phil's Dinor Purchased Some New Equipment Two Years Ago for $32,600.Today,it

Phil's Dinor purchased some new equipment two years ago for $32,600.Today,it is selling this equipment for $22,000.What is the aftertax cash flow from this sale if the tax rate is 35percent? The applicable MACRS allowance percentages are as follows,commencing with Year 1:20.00,32.00,19.20,11.52,11.52,and 5.76 percent.

A) $19,776.80
B) $18,846.67
C) $24,223.20
D) $20,408.20
E) $25,153.33